4005 NE 20th Pl, Cape Coral, FL 33909
3 beds · 2 baths · 1,378 sqft
Welcome to your stunning 3-bed, 2-bath retreat, nestled in peaceful Cape Coral! Move-in ready and waiting for you, this home lets you skip the long wait for new construction and dive straight into modern, no maintenance comfort embracing the Florida lifestyle! The inviting open concept design of the spacious living and kitchen area creates the perfect setting for gatherings and unforgettable moments. The oversized primary suite is your personal oasis, featuring a huge walk-in closet and a luxurious ensuite bathroom. Two guest bedrooms offer cozy retreats, while the dedicated laundry area adds everyday convenience. Outside, your expansive backyard is a blank canvas—perfect for BBQs, family fun, or even adding your dream pool! With a 2-car garage and a long driveway, there’s plenty of parking for you and your guests. Nestled in a quiet, family friendly neighborhood, you are still near schools, shopping and all dining Cape Coral has to offer. In addition, take advantage of the Assumable VA mortgage loan. This home boasts flood-free zoning, low taxes, and no HOA or rental restrictions! Whether you’re looking for a primary residence, vacation getaway, or investment property, this is an incredible opportunity! The pricing matches the attractive features, so don’t miss out on making this wonderful home your own piece of paradise! Schedule your tour today!
Source: FORTMYERS #225029223
Financials
Source: FORTMYERS #225029223
Source: Public records
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%. 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.
Other resourcesWhat 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.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.