2003 SE 26th Ter, Cape Coral, FL 33904
3 beds · 2 baths · 1,931 sqft
Newly Updated Three-Bedroom, Two-Bath Waterfront Pool Home in the Desirable Everest Neighborhood! Newly installed impact-resistant windows, sliders, and front doors (2025) provide added protection and peace of mind. This SWFL waterfront home is just one mile idle to the Caloosahatchee, offering easy access to world-class fishing, kayaking, and boating. Despite its close proximity to the water, the property has no history of water intrusion and has affordable flood insurance which is Assumable, so you can feel secure in your investment. Speaking of good Investment, this mortgage is assumable as well, under certain conditions at the original 3.75% interest rate and terms. The home features a remodeled kitchen complete with granite countertops, new appliances, and refaced cabinets. The primary and guest bathrooms have been updated, and the living area is enhanced with a stylish shiplap accent wall and a new front slider window. Modern touches throughout include new fans, upgraded lighting, and hardwired speakers for interior and exterior lanai spaces. Outdoor living is a dream here! Relax on the screened lanai with a mix of shaded and sunlit decking, or cool off in the pool. The expansive concrete dock is perfect for fishing, kayaking, or hosting guests. Enjoy evenings at the fire pit, under the pergola, or at the boat dock, soaking in the serene canal views and koi pond and fresh bananas from your fruit tree. Other updates and upgrades include a new shed (7’ x 8’) added in summer 2024 for pool, boating, and fishing storage. The hot water tank was replaced in January 2025. New electric panel box with exterior generator plug (2024). A new shingle roof was installed in June 2023. The HVAC air handler was replaced in May 2019. Whether you're heading out on your boat to explore nearby fishing estuaries, world-renowned beaches, or over 50 local waterfront restaurants, this home offers the ultimate Florida lifestyle. Choose TODAY to make this safe and welcoming community the place you call HOME!
Source: FORTMYERS #225008712
Financials
Source: FORTMYERS #225008712
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.