3301 NW 16th Ter, Cape Coral, FL 33993
3 beds · 2 baths · 2,677 sqft
BEAUTIFUL 3 Bedroom, 2 Bathroom, 3 Car Garage, Pool home with a Family room, situated on a HALF ACRE LOT in Cape Coral. NO HOA FEES! CLICK ON THE VIRTUAL TOUR LINK 1 FOR THE VIDEO AND VIRTUAL LINK 2 FOR THE 3D TOUR. This lovely home features a bright & airy floor plan, tile flooring in the main living areas, a whole home reverse osmosis system, solar panels, and MUCH MORE! Spend quality time with friends and family in the living room, with two large windows for plenty of natural lighting. The kitchen offers ALL stainless steel appliances including a built-in double oven and cooktop, granite countertops, tile backsplash, an island with a breakfast bar, a closet pantry, and plenty of cabinets for storage. Expand your living and entertainment space to the family & dining room off the kitchen with a glass slider to the lanai. The spacious master bedroom has a tray ceiling, a walk-in closet, and a private en-suite bathroom with a dual sink vanity, a walk-in shower with bench & multiple shower heads, and a water closet. The guest bedrooms are on a split floor plan providing plenty of privacy with built-in closets, and a shared guest bathroom nearby. A private oasis awaits on the large screened-in lanai where you can sip your morning coffee or unwind with your favorite evening beverage. Recharge and relax with a heated SALTWATER pool & spa, perfect for year-round enjoyment, or soak up the sun from the pool deck. The landscaped backyard is FULLY FENCED with a storage shed for all your outdoor equipment. 2021 ROOF - WHOLE HOME REVERSE OSMOSIS SYSTEM - SOLAR PANELS W 3 TESLA BACKUP BATTERIES - HURRICANE PROTECTION - VIVINT ALARM SYSTEM W 2 CAMERAS & 30 DAY RECORDER - CEILING GARAGE STORAGE - EPOXY GARAGE & FRONT ENTRY FLOOR. Conveniently located close to local shopping & boutiques, fine & casual dining, LIVE entertainment, and a short car ride to award-winning beaches! Schedule your showing TODAY!
Source: FORTMYERS #225022623
Financials
Source: FORTMYERS #225022623
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.