1626 SW 6th Ave Cape Coral, FL 33991
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About this home
Step inside this remodeled 4-bedroom, 2-bathroom home with modern touches offering 1,828 sq. ft. of comfortable living space on a generous fenced in 10,019 sq. ft. lot. Perfectly designed for families or those who enjoy entertaining. This residence features an oversized 17 ft. by 40 ft. covered patio with a tv, fans, and lighting to create your own private oasis. Additional features include substantial living and dining room area, breakfast bar, pantry, split bedrooms as well as a large master suite with walkin closet. The modern tile flooring provides durability and warmth, while impact resistant windows fill the home with natural light and added protection. The remodeled kitchen boasts new cabinets, stone counters, and new appliances making daily living effortless. Central air conditioning with ceiling fans ensures year-round comfort. The home is situated in a desirable neighborhood with easy access to Patriot Elementary, Challenger Middle School, and Cape Coral High School, ensuring excellent educational opportunities for families. Nearby amenities, parks, and local shopping enhance the community lifestyle. Don’t miss the chance to make 1626 SW 6th Ave your new home. Schedule a private tour today and envision life in this comfortable and well-located Cape Coral residence.
Source: FORTMYERS #225077387
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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.