2614 SE 12th Pl Cape Coral, FL 33904
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About this home
ADJUSTED PRICE FOR A BETTER VALUE and rooms virtually staged to help you see the potential—this Cape Coral home is ready to move. With 3 true bedrooms, 2 full baths, and a layout that gives you space to live, work, and grow, this home offers flexibility and function in one of the most convenient parts of the city. The open floor plan flows easily, and there's an additional bonus area perfect for a second living room, playroom, home office, or whatever your lifestyle calls for. The primary suite is oversized and offers serious potential. The attached bath has been upgraded with a brand-new walk-in shower featuring multiple shower heads, including a rainfall, bench seating, and customizable lighting to create a spa-like vibe. Dual sinks, a private water closet, and a bonus room currently used as closet space add even more possibilities—it could easily be transformed into the dressing room of your dreams. The secondary bedrooms each have their own walk-in closets—rare to find in this price range. Outside, the fully fenced backyard is great for pets, kids, or relaxing evenings under the stars. The oversized patio gives you room to entertain, grill, or just unwind. Two-car garage, solid bones, and tons of upside for anyone who wants to make a home their own without overpaying for someone else's taste. Whether you're a first-time buyer, investor, or looking for a place to grow into, this one deserves a look. Centrally located near shopping, dining, schools, and just a quick drive to Fort Myers. The price is right, the layout works, and the potential is clear
Source: FORTMYERS #225052775
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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.