1404 NW 4th St Cape Coral, FL 33993
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About this home
Step into this 3-bedroom plus den, 2-bath pool home located in one of Cape Coral's up and coming neighborhoods. With an assumable loan available at just 5.1% interest for qualified buyers, this home offers a rare blend of comfort and financial advantage. Featuring 2,236 square feet of thoughtfully designed living space, this home is move-in ready. Whether you’re searching for a full-time residence, a vacation retreat, or an income-producing property with potential to earn up to $50,000 annually, this home offers endless versatility. Recent enhancements include a brand-new roof installed in 2023, interior and exterior paint, an upgraded irrigation system, a new vinyl privacy fence, and an energy-efficient air conditioning system with a Nest thermostat. Inside, natural light fills the open-concept layout with soaring cathedral ceilings, creating a spacious and inviting atmosphere. The split-bedroom design offers both privacy and flow, while two separate living areas provide plenty of space for entertaining or quiet relaxation. The chef’s kitchen features granite countertops, wood cabinetry, glass backsplash, dual pantries, and a center island, and newer stainless-steel appliances. The large master bedroom has crown molding, dual closets, and a spa-inspired bathroom showcasing a glass-enclosed tiled shower and a separate soaking tub. Large tile flooring runs throughout the main living areas, as well as 5-inch baseboards offering style, durability, and easy maintenance. The screened-in pool with pavestone decking and a covered lanai is the perfect setting for gatherings, barbecues, or a quiet evening outdoors. This property also comes with valuable perks: city water and sewer assessments are fully paid. Located in a low-risk Evacuation Zone C, and there are no HOA fees or flood zone requirements to worry about. Conveniently situated near popular dining, shopping, and entertainment. Also, this home is located near hospitals and essential services, including the Lee County VA Clinic, providing easy access to everything Cape Coral has to offer! With its low-interest assumable loan option, thoughtful updates, and income potential, this is more than a home...it’s a rare opportunity!
Source: FORTMYERS #2025014882
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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.