3904 NE 16th Pl Cape Coral, FL 33909
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About this home
Welcome to this impressive 2021-built LGI Homes Vero Model, offering a perfect blend of efficiency and modern living. This 3-bedroom, 2-bathroom home is equipped with solar power, making it an eco-friendly and cost-effective choice. With average energy bills around \$25 per month, the fully paid-off solar panels will provide decades of savings for the new owner, ensuring peace of mind for years to come. The home is built to last, with sturdy metal hurricane shutters and an elevated structure that is not in a flood zone—meaning no flood insurance is required. Inside, you'll find upgraded tile flooring throughout, with cozy carpet in the bedrooms. The kitchen is a chef’s dream, featuring beautiful granite countertops, wood cabinets, and high-end stainless steel appliances. Both bathrooms are modern and stylish, offering a relaxing atmosphere. With a 2021 build, the AC system and water heater have plenty of life left, providing added value and reliability. The home also boasts a new water softner system and a reverse osmosis system for the kitchen. Situated in the popular and rapidly growing Gator Circle, this home offers easy access to excellent schools, shopping, dining, parks, and amenities. Plus, with both RSW and Punta Gorda airports just 30 minutes away, travel couldn’t be more convenient. Don’t miss your chance to own this gem—schedule a showing today before this opportunity is gone!
Source: FORTMYERS #2025010895
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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.