5252 Willow Ct, Cape Coral, FL 33904
3 beds · 2 baths · 1,605 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled in the prestigious Yacht Club Neighborhood, this exquisite residence offers an unparalleled blend of modern luxury and waterfront living. Prepare to be captivated by the Western rear exposure, where each evening paints a masterpiece of vibrant hues across the canal, transforming your backyard into a private sunset theater. Recently reimagined through a comprehensive renovation, this three-bedroom, two-bathroom haven seamlessly marries contemporary design with coastal charm. The fully remodeled interior boasts a meticulously curated living space, where every detail has been thoughtfully considered to elevate your daily experience. Outdoor enthusiasts and nautical aficionados will revel in the property's composite dock, complete with a boat lift—your personal gateway to aquatic adventures. With the river a mere five-minute boat ride away, spontaneous excursions become an effortless indulgence. Practicality meets sophistication in this home's recent upgrades. The roof, air conditioning system, and plumbing have all been replaced in the last five years, ensuring peace of mind and optimal comfort for the discerning homeowner. Beyond your private oasis, the vibrant community beckons. A short jaunt brings you to the Yacht Club Community Park, a verdant jewel perfect for leisurely strolls or picturesque picnics. For your culinary needs, several well-stocked supermarkets lies within easy reach and all the restaurants and nightlife downtown Cape Coral has to offer are within strolling distance. This residence isn't just a home; it's a lifestyle—a harmonious confluence of modern amenities, natural beauty, and community charm. Here, every sunrise heralds new possibilities, and every sunset confirms you've found your perfect haven in Cape Coral.
Source: NABOR #224090294
All values shown are estimated costs / mo.
Source: Public records
Source: NABOR #224090294
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.