3738 SE 3RD PL, Cape Coral, FL 33904
*** ASSUMABLE MORTAGE AVAILABLE AT 3.25% *** Feast your eyes on this stunning SE Cape Coral pool home boasting 4 beds, 3 full baths and over 2,100 square feet of living area. The curb appeal alone is enough to pull you in and features beautifully manicured lawn, tropical landscape, stack stone front, screened in front entry and newer metal roof. NEWER HVAC!!! Immediately inside the double door entry is a cozy sitting area/flex space with a view of the pool through pocketing sliders. Tile upgrades throughout the living and wet areas. NEW CARPET IN BEDROOMS. NEW INTERIOR PAINT. WASHER AND DRYER CONVEY. The heart of the home lies in its well-appointed kitchen, featuring modern appliances, sleek granite countertops, and ample cabinet space, perfect for unleashing your culinary creativity. Tons of dining space and the kitchen proximity to the back lanai make this an ideal entertainment setup. Kitchen even offers a pass through window ideal for the margarita handoff. All 3 bathrooms recently updated with new vanities and granite tops, custom mirrors as well as top to bottom tile showers. Laundry room under air. The backyard is where the living happens. This impressive oasis will have you immediately hooked. Access the pool area through any one of the FIVE pocketing sliders. Gorgeous and HUGE pool with integrated spa. Fenced in backyard for privacy and tons of room to roam. Massive under truss covered lanai area allows room for grilling, lounging, dining and storage. Not much more you could ask for other than waiting for you to call this property home.
You may be able to put down less than the total down payment amount of $200,650 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #224033757
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.