4340 S Canal Cir North Fort Myers, FL 33903
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About this home
2.65% Assumable Loan + Direct Gulf Access + Heated Pool! This is more than a home—it’s a lifestyle. Tucked away at the silent end of a cul-de-sac, this charming 3-bedroom, 2-bath canal-front pool home offers the cheapest price per square foot for direct water access in Waterway Estates—hands down. With a heated private pool, new 2023 roof, and direct Gulf access just 120 seconds from the Caloosahatchee River, this is a rare opportunity you won’t find again. Even better, the seller is offering the option to include a 38’ Gulfstar Motor Cruiser (2 cabins, 2 heads, with a tub, tax-exempt)—the ultimate waterfront lifestyle package. Inside, you’ll find a spacious great room floor plan with cathedral ceilings, tile flooring throughout, and abundant natural light. The kitchen and dining areas flow seamlessly into the living space, while the primary suite features dual sinks and private access to the screened lanai overlooking the pool and water. Step outside and enjoy your own private retreat with a covered patio, private dock, and concrete seawall—perfect for boating, fishing, or watching spectacular sunsets over the canal. With no HOA fees, a 1-car garage plus extra parking, central heating and cooling, and available community boat storage, this home blends everyday comfort with true Florida freedom. Ideally located near shopping, dining, and Downtown Fort Myers, this move-in ready home is perfect as a full-time residence, seasonal escape, or investment opportunity.
Source: FORTMYERS #225071143
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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.