502 NW 36th Pl, Cape Coral, FL 33993
3 beds · 2 baths · 1,810 sqft
Newer Construction Pool Home LOADED with upgrades throughout. Featuring 3 Bedroom plus Den, 2 Full Bathrooms, and a sought-after 3 car garage. Open concept with modern finishes including high 8 to 10 foot volume ceilings and tray ceilings in the living room. Entertainer's and Chef's kitchen with upgraded GE Cafe appliance package rarely found in homes in this price range, large center island, and custom coffee bar with floating shelves matching the fireplace mantel. Relax in the wide-open living room overlooking the pool out the sliding glass doors. The living room is centered by a custom feature wall with stack stone, electric fireplace, and wood mantel. Dining area with new lighting tile flooring throughout - No Carpet, custom shades and plantation shutters. Master bedroom overlooks the private pool area and is complimented by a stunning master bathroom and walk-in closet. The guest bedrooms are all large and well-appointed ideal for guest and visitors, plus every bedroom has a walk-in closet for additional storage you won't find in other homes! The den/office has been transformed into an amazing speak easy with seating and dark feature wall - great house for entertaining! Step out into the pool area to enjoy Florida's beautiful weather, screened in pool cage, paver deck, and full-length pool deck for tons of outdoor living space and sunbathing. There is no comparison, this home features appliances, style, and upgrades often found in more expensive homes and waterfront homes! BOATERS are located near several public boat launches/ramps and Matlacha for Gulf Access, open water, world famous fishing, beaches, and barrier islands. GOLFERS - Very close to Palmetto Pines Country Club and Coral Oaks. Close to shopping, dining, events, Starbucks, Target, Publix, and the area’s top-rated restaurants. Located near the future 7 Islands may include restaurants, shopping, marinas, a park, green space, and possibly even a beach area!
Source: NABOR #224096206
Source: NABOR #224096206
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.
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