908 NE 5th Pl Cape Coral, FL 33909
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About this home
Set on a rare quadruple lot, this fully renovated home offers endless potential! Fully redesigned inside and out, this home delivers comfort, craftsmanship, and room to grow. The open layout flows easily from the bright, designer kitchen, finished with quartzite countertops and soft-close shaker cabinetry, to spacious living and dining areas overlooking the pool. The floor plan offers privacy for both family life and work-from-home days, while the spa-like primary suite impresses with a soaking tub inside a glass-enclosed shower. Every major system, HVAC, plumbing, and electrical, has been newly updated for peace of mind. Step outside to your own private retreat. The resurfaced pool, new tile and coping, re-screened lanai, and lush fenced yard create the perfect backdrop for relaxed Florida living. A detached three-car garage and extended driveway provide ample space for hobbies, storage, boats, a guest house, or to subdivide and sell without any HOA restrictions. Highlights Fully renovated inside & out Hardwood & porcelain tile floors throughout New HVAC, plumbing, and electrical Spa-inspired primary bath with soaking tub Resurfaced pool & new vinyl fencing Detached 3-car garage/workshop Oversized quadrupled lot
Source: STELLAR #A4668147
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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.