910 SE 27th Ter, Cape Coral, FL 33904
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.
You may be able to put down less than the total down payment amount of $21,117 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: #224068265