2118 SW 25th Ter Cape Coral, FL 33914
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About this home
Move-In Ready | No Flood Zone | Assumable FHA LOAN AT 2.5% | CITY assessment fully paid. This Florida-style home offers 4 Bed+ Den, 3-bathroom with an oversized 3-car garage. Delivering space, style, and peace of mind. Located in one of SW Cape Coral’s most convenient neighborhoods, it’s just minutes from Publix, dining, parks, shopping, schools, and bike trails. Easy access to Veterans Parkway for a short drive to Fort Myers and the airport. From the moment you arrive, you’ll notice the professional landscaping, and expansive custom brick-layered stone front entry that give this home exceptional curb appeal. Inside, you’re greeted by tall ceilings and doors, elegant tray ceiling details, and tile wood flooring throughout. The open-concept kitchen is perfect for everyday living and entertaining, featuring lush 48-inch soft-close shaker cabinets, granite countertops, a large granite island with breakfast bar slip, stainless steel Gateway appliances (including a large side-by-side fridge), double-door pantry, recessed lighting, and abundant cabinet storage. The formal dining room seats eight comfortably, while the custom den offers versatile space for an office, media room, or hobby area. The oversized king primary suite is a private retreat with walk-in closets, natural light, and a spa-inspired bathroom. It Offers beautiful granite dual vanities and a walk-in tile shower with a glass door. Additional bedrooms are generously sized and supported by two full baths with upgraded finishes. Step outside to the large back patio and enjoy the southern exposure for full sun throughout the day — ideal for outdoor dining, lounging, or a future pool. This home comes loaded with upgrades, including:Impact windows and doors, baseboards, upgraded fixtures, Faux wood blinds throughout, Oversized laundry room with LG washer & dryer appliances. Whether you’re looking for a primary residence, vacation home, or investment property, this home checks every box — location, upgrades, layout, and long-term value. And here’s the bonus — fully assumable FHA loan at just 2.5% interest. Opportunities like this are rare.
Source: FORTMYERS #225067064
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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.