411 SE 20th St, Cape Coral, FL 33990
3 beds · 2 baths · 1,917 sqft
***Stunning 3-Bed, 2-Bath Pool Home in SE Cape Coral – No Flood Insurance Required!*** Welcome to this gorgeous 3-bedroom, 2-bathroom, pool home in the highly desirable Southeast Cape Coral area. Situated outside the flood hazard zone, this home does not require flood insurance and comes with city water and fully paid assessments—a huge plus for homeowners! Conveniently located near shopping, dining, and entertainment, this property offers both comfort and convenience. Interior Features: Cathedral ceilings with elegant decorative wood beams Stylish built-in entertainment center for a sleek, modern touch Beautiful tile flooring throughout for easy maintenance Spacious kitchen, perfect for cooking and entertaining Partial reverse osmosis system for improved water quality Exterior Features: New metal roof (2023) for durability and peace of mind Custom-designed pool (2021) with a paved deck and Picture Window screen enclosure—ideal for relaxing or entertaining Fully fenced backyard for privacy and security Lush landscaping in both the front and back yards, featuring a variety of fruit trees With a northern rear exposure, this home is energy efficient and provides a comfortable outdoor living experience, keeping your backyard shaded and cool—perfect for year-round enjoyment. Don't miss out on this incredible opportunity! Schedule your showing today and make an offer before it's gone!
Source: FORTMYERS #225013722
Financials
Source: FORTMYERS #225013722
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.