3922 20th St W Lehigh Acres, FL 33971
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About this home
MOVE-IN READY POOL HOME, WITH WHOLE-HOME GENERATOR, SOLAR POWER & SMART TECH! This home has it all! The outdoor oasis lets you enjoy a heated pool with lights that change 100+ colors and even sync to music, while the extended patio is ideal for grilling or sitting around the fire pit, perfect for entertaining. The new fence provides ultimate privacy, while the double doors allow for a boat or motorhome to be tucked away nicely on one side of the house. Inside you'll find tile throughout, new showers, smart thermostat/doorbell, a built in pest system, solar tinted hurricane rated windows and eco-efficient water heater. The large living area and open floor plan provide comfort and an ease. The den/flex space could easily be turned into a 4th bedroom if needed. While the new roof (2023) provides a piece of mind, the smaller details like under counter lighting, new exhaust fan venting outside, and newly installed (2) 100 lb gas tanks proves this house will stand the test of time. Never flooded and is NOT in a flood zone. Don't miss the chance to make it yours! Assumable interest rate of 2.78%!!!
Source: FORTMYERS #2025001018
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Close stress-free in 45 days, handled start to finish by Roam.
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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.