515 SW 22nd St, Cape Coral, FL 33991
5 beds · 3 baths · 2,657 sqft
Welcome to 515 SW 22nd Street, a stunning 2021-built Marathon Model home with a 2023 roof, offering modern design, spacious living, and an unbeatable Cape Coral location. Situated on a desirable corner lot and located in Flood Zone X, this home does not require flood insurance, providing peace of mind and long-term savings. This 5-bedroom, 3-bathroom home spans 2,206 square feet, providing ample space for comfortable living. The open-concept layout is perfect for both entertaining and everyday life. The kitchen is thoughtfully designed with quartz countertops, 42-inch upper cabinets with crown molding, and Whirlpool stainless steel appliances, including an oven, refrigerator, dishwasher, and microwave. A cozy breakfast nook adds to its charm, making mornings even more enjoyable. Enjoy outdoor living with a fenced-in back yard and a private lanai, ideal for relaxation. Additional features include central air conditioning and heating, an attached garage, and high-speed internet access. The home's carpet and tile flooring, spacious walk-in closet, and washer/dryer hookups combine style and convenience, ensuring a seamless living experience. Located within walking distance to Fellowship Park, this home offers easy access to a fantastic community space featuring a free splash pad, large playground, basketball courts, picnic pavilions, and a coffee shop—perfect for families and outdoor enthusiasts. Everyday conveniences are just minutes away! Home Depot, Lowe’s, Target, Publix, Starbucks, and Dunkin’ Donuts are all within a 5-minute drive, making errands quick and hassle-free. Plus, the home is just a short drive from Sun Splash Family Waterpark, offering even more fun for the whole family. This nearly-new home is the perfect blend of modern style, functionality, and location. With its corner lot positioning, flood safety, and close proximity to top amenities, it’s a rare find in today’s market.
Source: FORTMYERS #225011859
Financials
Source: FORTMYERS #225011859
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.