4718 SW 20th Ave, Cape Coral, FL 33914
3 beds · 2 baths · 2,685 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Imagine coming home to this immaculate, fully-customized home so conveniently located in SW Cape Coral. The corner lot certainly stands out with its manicured yard and mature trees and is fenced for privacy. The built-in flowing fountain and lush professional landscaping surrounding the entire property is accentuated with low voltage lighting. A 3-car garage, fresh new paint, and expertly sealed pavered driveway offers stunning curb appeal. Your indoor living is an easy, open floor plan with elevated ceilings and custom window coverings throughout. The great room’s feature wall boasts an impressive combination of a wall fireplace, built-in TV, and floating shelves to compliment the entire design. Enjoy a true gourmet kitchen with custom cabinets featuring more pull-outs than you can imagine as well as a lazy Susan and soft close drawers. Generous countertop space and stainless-steel appliances complete the package. Behind the scenes is surge protection on every mechanical/electrical system throughout, and an auxiliary whole house generator system. All openings have hurricane protection. Master closets have beautiful wood built-ins. Enormous amounts of storage space in this home – everywhere you look is a large closet with built in shelving. Master bedroom offers access to the pool area -- and master bath features double sinks, bidet, and an impressive walk-in shower. Laundry room and pool bath are both extra-large with an abundance of storage too. Pool area is a true oasis with lots of deck area to enjoy sunshine as well as a sizeable undercover seating area. And for entertaining there’s a full outdoor kitchen. For your peace of mind, the roof is new in 2023 and also never any water intrusion. Way too many features, upgrades and customization to describe in detail. See it in person today to appreciate!
Source: FORTMYERS #224102662
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 #224102662
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 and Equal Opportunity Act.