108 NW 28th St Cape Coral, FL 33993
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About this home
PICTURE PERFECT MOVE IN READY HOME! MODERN UPDATES & A LARGE FENCED YARD! Ask about the ASSUMABLE MORTGAGE OPPORTUNITY 3.125% Welcome to your dream home in beautiful Cape Coral! This tastefully upgraded residence offers 1,993 sq ft of stylish, comfortable living, featuring fresh modern finishes that shine throughout. Nearly every surface has been updated, creating a warm, inviting feel the moment you walk through the door. Step inside to discover an open-concept layout with abundant natural light, elegant new flooring, and seamless flow between the living, dining, and kitchen spaces — perfect for everyday living or entertaining. The spacious primary suite is a private retreat with a walk-in closet and ensuite bath, while two generous guest bedrooms and a full hall bath provide comfort for family or visitors. Outside, unwind or entertain in your large fully fenced backyard — private, secure, and ready for pets, a future pool, or family gatherings. The property’s curb appeal is complemented by lush landscaping and plenty of room to personalize your outdoor space. Located in Cape Coral’s fast-growing Northwest corridor, you’re minutes from the Pine Island Road dining and retail district, top-rated schools, parks, and convenient access to main roads for easy travel around the area. This move-in-ready gem perfectly blends modern style, space, and location — all that’s missing is you! Buyers may have the option to assume the seller’s existing loan (subject to lender approval), offering potential savings on interest compared to current market rates.
Source: FORTMYERS #2025017079
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.