818 NE 38th St, Cape Coral, FL 33909
4 beds · 3 baths · 2,338 sqft
Get a free consultation call with an expert in the mortgage assumption process.
WOW WHAT A GREAT LOCATION!!! Come own your own piece of paradise in NE Cape! Bright and well maintained, Spacious and stunning 4 bedroom, 3 bathroom pool home, 2 car garage, offering 2338 sq ft of living on a large .31-acre lot! Nestled in a sought-after neighborhood, this home provides the perfect blend of comfort, style, and convenience. As you step inside, you'll be greeted by an inviting open floor plan with ample natural light, highlighting the elegant finishes throughout. The spacious living area is ideal for relaxing or entertaining, while the modern kitchen features updated appliances, plenty of counter space, and a large island perfect for cooking or casual dining. The master suite is a true retreat, offering a spacious layout, and the beautiful walk in closet that will surely impress you. Then you have your luxurious en-suite bathroom with dual vanities and a walk in shower. There are three additional bedrooms that are generously sized, with ample closet space and easy access to the remaining two bathrooms. Looking to enjoy a little outside living as well? Step outside and enjoy the expansive backyard, ideal for outdoor entertaining or simply relaxing in the privacy of your own salt water pool. Great for unwinding, relaxing or entertaining! The .31-acre lot provides plenty of room for play, gardening, or creating your dream outdoor oasis. Near schools, Home Depot, Target, Publix, Lowe’s, restaurants, Starbucks, I-75, Punta Gorda, Walmart, shopping and more. This home combines comfort and functionality, with the added benefit of being located in a peaceful and family-friendly neighborhood. Don’t miss the opportunity to make this stunning property your new home! THIS IS A MUST SEE!!
Source: FORTMYERS #225031439
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FORTMYERS #225031439
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.