5808 SW 1st Pl, Cape Coral, FL 33914
2 beds · 2 baths · 1,113 sqft
Welcome to 5808 SW 1st Pl, a stunning 3-bedroom, 2-bathroom home in one of Cape Coral's most exclusive neighborhoods. Situated near the water, this residence offers a perfect blend of modern comfort and coastal charm. Recently updated kitchen, featuring quartz countertops, both bathrooms are beautifully renovated, adding a touch of luxury to the home. Step outside to a backyard paradise, complete with a heated Pebble Tec saltwater pool, oversized lanai, and a detached 6-person Jacuzzi. The lanai is ideal for outdoor cooking, lounging, and entertaining. Mount your TV by the pool enhances the outdoor experience, making it easy to enjoy your favorite shows while swimming or relaxing in the spa. The yard is beautifully landscaped with Christmas palms, offering a lush, tropical feel, while a 6-foot privacy fence encloses the space for ultimate seclusion. Bedrooms have impact windows for added safety, and it’s equipped with ceiling fans and central AC (newly installed 2023). Roof, water heater, and pool area were all updated in 2018. The irrigation system includes a new timer, ensuring easy maintenance of the lush landscaping. Additionally, wall-mounted TVs in the bedrooms will convey with the home, offering added convenience. This property is well-maintained and move-in ready. Don’t miss this rare opportunity to live in a luxurious home that perfectly captures the Florida lifestyle. Schedule your private showing today!
Source: STELLAR #a4628459
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4628459
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What 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.
MLS ID: #a4628459