3602 SW 2nd Ln Cape Coral, FL 33991
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About this home
LOCATION, LOCATION, LOCATION! This beautiful 3-bedroom plus den, 2-bathroom spacious home is a true gem, offering over 2100 square feet of living area and nestled in a highly desirable SW Cape Coral waterfront neighborhood surrounded by gulf access homes. Built by Tracey Homes, a 40 year custom home building company in Cape Coral / Fort Myers. With southern exposure, you will enjoy breathtaking sunsets from the comfort of your large screened-in lanai—a perfect spot to relax or entertain. This home offers high ceilings throughout, a split floor plan with a large primary suite with sliders leading out to the large lanai, a gorgeous en-suite bathroom with step in shower and a large soaking tub and a huge walk in closet. The other two guest bedrooms and large guest bathroom are on the opposite side of the house with a door going out to the lanai. The den is in the front of the house and has a closet making it great to use as a 4th bedroom, den or office. This home boasts numerous updates for your peace of mind and convenience, including: A new roof (2022) New AC system with built in ultraviolet light upgrade (2021) and new paint inside and out. This beautiful home offers an open floor plan with a large kitchen & family room making entertaining a breeze. With its thoughtful layout and welcoming flow, this home is ideal for a growing family or anyone seeking a serene retreat in a prime location. Other upgrades include accordion hurricane shutters on the windows and across the back of the large lanai, fenced yard & assessments paid in full. Do not miss your opportunity to own this beautiful well maintained home located close to fantastic schools, parks, shopping, dining, beaches & golf courses. Seller has a current flood insurance policy that may be transferrable to new owner, home has never flooded. Schedule your showing today and start living your dream! Please see confidential comments for showing instructions and a few additional details.
Source: FORTMYERS #2025007660
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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.
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