830 NE 11TH TER, Cape Coral, FL 33909
BACK ON MARKET, BUYER FAILED TO QUALIFY FOR FINANCING. OPPORTUNITY KNOCKS! Priced to sell! Discover the perfect blend of comfort and potential with this delightful 3-bedroom, 2-bathroom home with a little investment this can be an excellent opportunity! This residence has been thoughtfully updated, with a beautiful new kitchen, new plumbing, luxurious master shower and new vinyl plank flooring in the great room, ensuring a move-in ready experience. The heart of the home is the lovely shaker style kitchen with stunning blue cabinets, polished granite, floating shelves, open storage for pet feeding or future wine cooler, pantry and stainless steel appliances. Kitchen remodel completed in 2020. The greatroom looks out on the expansive screened lanai with plenty of room for dining and lounging. You’ll love the HUGE storage closet on the lanai for all your outdoor toys. The backyard is fenced for safety of children and pets. Off the kitchen and greatroom you’ll find a great nook for a home office, dining room or den. The greatroom design offers a spacious and versatile layout, perfect for growing families or entertaining guests. The roof is a 2016 roof but was tarped after Ian and not repaired. Too much time has caused further deterioration of the roof and it is now in need of replacement (quote attached to MLS). There are no visible leaks inside the home and seller has no knowledge of leaks. The electrical panel is a Challenger brand and some insurance companies require replacement (quote attached to MLS). The expansive backyard is a standout feature, providing ample space for outdoor activities, gardening or even the addition of a swimming pool to enhance your leisure time. NO unknown future assessments or future road construction here with the utility expansion project! This home is already connected to city water and sewer with a majority already paid by the seller (buyer to assume balance of assessments). This is a GREAT LOCATION across from waterfront homes and newer homes. Incredible street and location. PLUS SOUTHERN EXPOSURE for plenty of natural light in your home and lots of sunshine for your future swimming pool. Convenience is key with a central location in Cape Coral, you'll enjoy close proximity to a variety of shops and restaurants, with Downtown Fort Myers and Matlacha/Pine Island just a short drive away. You’ve done your homework! You KNOW all the reasons Cape Coral has been chosen as a TOP DESTINATION in the country for waterfront fun, affordability, quality of life and safest cities to live! AND we found the perfect home for you! Come see what Cape Coral has to offer with over 400 miles of canals & an unparalleled lifestyle! This home is NOT in a flood zone, NO HOA fees and NO rent restrictions. Cape Coral enjoys great code enforcement for uniformity of homes and neighborhoods. This charming home offers a unique opportunity to enjoy modern comforts in a prime location—don’t miss out! Hurry, this home is priced to sell!
You may be able to put down less than the total down payment amount of $124,900 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: #224062233
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.