4718 SW 20th Ave, Cape Coral, FL 33914
3 beds · 2 baths · 2,685 sqft
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
Source: FORTMYERS #224102662
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.