712 NW JUANITA PL, Cape Coral, FL 33993
4.99% assumable mortgage with qualification. This is a must see, super clean, upgraded pool home built in 2022! This stunning home boasts 3 bedrooms + den, 3 bathrooms, and a 2-car garage. The backyard is a tropical oasis with lush landscaping and an in-ground saltwater pool with heater. The back yard is privacy fenced, and has beautiful sitting areas with custom awnings. There is also an outdoor kitchen in the under truss lanai to make entertainment a breeze. This outdoor living space is perfect for relaxing on the hot summer days. Some of the inside features include stainless-steel appliances, and quartz countertops with waterfall island feature. There is modern tile flooring throughout, custom lighting and plumbing fixtures. The showers have awesome tile work that goes to the ceiling and glass entry doors. Garage floors have epoxy finish that provides a clean and durable space for your vehicles. This home also has hurricane impact windows that offer peace of mind during storm season. Owners have also installed tasteful window blinds that provide privacy and style throughout the home. You need to take a look to see how wonderful this home really is. Don't miss out on the opportunity to make this house your forever home in beautiful Cape Coral. Schedule a showing today and start envisioning the life you've always dreamed of in this perfect oasis.
You may be able to put down less than the total down payment amount of $163,968 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #224016215
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.