Stunning Move-In Ready Home awaits in sunny Cape Coral, Florida. Welcome to your beautiful, remodeled, & immaculately maintained. This stunning home features three generously sized bedrooms (with plenty of closet space!) and two full bathrooms. The thoughtfully designed layout includes a two-car garage, an open floor plan with comfortable living room, a designated dining area, a cozy family room, and a versatile bonus room. The bonus room can be easily transformed into an office, workout space, or even an additional bedroom to perfectly suit your lifestyle needs! This home underwent a remarkable remodel in 2020, introducing several modern enhancements for your comfort and peace of mind. Updates include a brand-new air conditioning system, ductwork, and UV light, newly installed Pex plumbing and fixtures, new lighting and fixtures, high-impact windows, and completely modernized bathrooms. The kitchen was fully renovated to provide a contemporary cooking and dining experience with granite countertops and center bar island perfect for families and entertaining. Fresh paint and new large tile flooring throughout the home create the feel of a brand-new model residence. Plenty of space to park your boat trailer, RV, or add a pool, shed, garden, fire pit or all of the above! Perfectly situated just minutes from the scenic Veteran’s Memorial Bridge and right off Del Prado Blvd. The location puts you close to everything you could ever need—5 minutes to 2 public boat ramps, 5 minutes to Route 41 North or South, 8 minutes to the Cape Coral Bridge, 10 minutes to downtown Fort Myers, 15 minutes to I-75 North or South, 20 minutes to Fort Myers Beach, 30 minutes to RSW International Airport and only 45 minutes to Naples, Florida. Enjoy the beautiful pet friendly neighborhood by walking, biking, or taking your golf cart for a leisurely ride. Cape Coral is one of the friendliest communities in SWFL and you will make friends daily! Discover new up and coming restaurants, bars, and the exciting Slip-away food truck park at the base of the Cape Coral Bridge. Essential amenities are just steps away, including Publix, Walmart, Walgreens, Staples, Chase Bank, Perkins, Wendy’s, McDonalds, Twisted Lobster, Planet Fitness, TJ Maxx and the best Home Goods to help you decorate your new home! Recent updates include, Samsung Appliances in kitchen, new hot water heater installed in 2021, new primary shower enclosure added in 2022, new roof in 2023, new exterior paint in 2023, and a new dryer installed in 2025. Begin the New Year by making cherished memories at your new home located at 1726 SE 16th Street. This remarkable residence is ready for you to move in and enjoy everything Cape Coral has to offer!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
