410 NE 5th Ter, Cape Coral, FL 33909
5 beds · 2 baths · 1,877 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your dream home at 410 NE 5th Terrace in the vibrant city of Cape Coral, FL! This stunning property is a rare find, boasting five (5) spacious bedrooms and two (2) bathrooms, perfect for accommodating a growing family or hosting guests. Situated on an oversized corner lot, this home offers ample outdoor space, beautifully landscaped to enhance its curb appeal. Lots of room to build the pool of your dreams! Step inside to discover a freshly painted interior with elegant tile flooring throughout, providing a seamless and stylish look. The floor plan allows for easy flow between the living areas, making it ideal for entertaining. The kitchen is equipped with white appliances and plenty of counter space for meal preparation. One of the standout features of this home is the brand-new roof installed in 2023, ensuring peace of mind for years to come. Additionally, the property is connected to city water and sewer services, adding to the convenience and ease of living. The two-car garage provides ample storage and parking space, while the expansive yard offers endless possibilities for outdoor activities or future enhancements. Located in a desirable neighborhood, you'll find yourself close to local amenities, shopping, and dining options. Don't miss the opportunity to make this exceptional property your forever home. Experience the best of Cape Coral living in this beautifully updated and well-maintained residence. Schedule a viewing today and envision the lifestyle that awaits you! **SOME OF THE BEDROOMS HAVE BEEN VIRTUALLY STAGED TO ALLOW FOR VISUALIZATION PURPOSES ONLY**
Source: FORTMYERS #224095903
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FORTMYERS #224095903
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.