700 SW 18th Ter, Cape Coral, FL 33991
3 beds · 2 baths · sqft sqft
This move-in-ready pool home in highly sought SW Cape Coral is a hidden gem. Schools, restaurants, and shopping are close by. Vaulted ceilings, large windows, and French doors allow generous natural light. Tile and Vinyl wood flooring throughout for easy cleaning. Large master bedroom and bath upstairs with a loft overlooking lower level. Two bedrooms on the main floor with bath one of the bedrooms is custom built-in bunk bed room for kid fun. Freshly painted interior and exterior. New Dishwasher/Microwave December 2023. New AC unit August 2024. Salt water mineral pool with solar pool heater. New Pool pump March 2024. Accordion shutters. New landscaping in the front & a fenced in spacious backyard with screened patio. The garage is EXTRA deep and is finished with a split AC unit. This home offers a favorite spot for everyone in the family. Minutes to Cape Harbour, Tarpon Point Marina, Yacht Club, and the great beaches of Fort Myers, Captiva & Sanibel.. Seller will consider turnkey as well! Also listed for rent Seasonal and long term. MLS #224081468 AGENTS PLEASE SEE REMARKS
Source: FORTMYERS #224081451
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224081451
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #224081451