2116 SE 3rd Ter, Cape Coral, FL 33990
3 beds · 2 baths · 1,820 sqft
Get a free consultation call with an expert in the mortgage assumption process.
No HOA. No Flood Insurance. Just Pure Florida Living. Nestled in a prime Cape Coral location, this charming 3-bedroom, 2-bathroom home is your gateway to relaxed, sunny living—just a short stroll to Paul Sanborn Park and only 5 minutes to Rosen Park & public boat ramp! Step inside to a spacious, open-concept layout with soaring vaulted ceilings and a desirable split-bedroom floor plan for added privacy. The oversized kitchen is a true standout, complete with a built-in desk, ample counter space, and direct access to a screened lanai—perfect for indoor-outdoor entertaining. Storage is never an issue with large closets throughout, a generous pantry, and a dedicated laundry room. The fenced backyard is a true oasis, bursting with edible plants and mature fruit trees—ideal for anyone looking to cultivate a little garden-to-table lifestyle. Additional highlights include: New Roof (2022) No HOA Fees No Flood Insurance Required Prime location near shopping, dining, and entertainment, easy access to Downtown Fort Myers via Hancock Bridge Rd & RSW Airport via Veterans Expressway. Whether you’re looking for your next family home, a seasonal retreat, or an investment in sunny Southwest Florida—this one checks all the boxes. Fall in love and make an offer!
Source: NABOR #225039684
Source: NABOR #225039684
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.
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.
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 620, 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 and Equal Opportunity Act.