910 SE 27th Ter, Cape Coral, FL 33904
2 beds · 2 baths · sqft
Welcome to 910 SE 27th Terrace in sunny Cape Coral, where modern updates meet classic Florida charm. This delightful pool home is nestled in a sought-after area centrally located nearby local favorite restaurants, shopping and recreation facilities. The property has been meticulously maintained, with a newer roof and AC unit ensuring years of worry-free living. Step inside to find a home that has been thoughtfully updated with luxurious touches throughout. The tile flooring, which spans the entire residence, offers a cohesive and contemporary aesthetic. New ceiling fans have been installed, enhancing both comfort and style in each room. The spacious living areas are filled with natural light, creating a warm and inviting atmosphere. The kitchen, ready for your personal touch, is adjacent to a versatile mudroom that can easily double as a home office or pantry, offering flexibility to suit your lifestyle. The bathrooms have been recently updated with modern fixtures, adding a touch of elegance to your daily routine. One of the standout features of this home is the newly resurfaced pool, completed in February with Pebble Tec, a high-quality finish known for its durability and beauty. The expansive lanai and fiberglass-screened pool area provide the perfect setting for entertaining or relaxing in privacy. The backyard is fully fenced, with new landscaping that enhances the overall appeal of the outdoor space. 910 SE 27th Terrace is not just a house; it’s a home ready to embrace its new owners with comfort, style, and peace of mind. Don’t miss the chance to add your personal touches to this charming property and make it your own Florida paradise.
Source: FORTMYERS #224068265
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224068265
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: #224068265
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.