3922 20th St W Lehigh Acres, FL 33971
Your savings
About this home
WELCOME TO THE BLUE LAGOON!! With its sparkling pool, solar power, Tesla battery system, impact windows and doors, large fenced in yard, tropical accents and cool coastal vibe, you will be happy to call the BLUE LAGOON your new home!! ASSUMABLE INTEREST RATE OF 2.78% on $295K! Features of this beautiful property include, welcoming great room floorplan, tile throughout (no carpet), soaring tall ceilings, renovated kitchen including 4-person raised breakfast bar with tiled bar wall, stainless steel appliances, Corian countertops, over and under counter lighting and gorgeous mosaic blue glass backsplash! Next you will find a large master suite with spa like en-suite bath highlighted by a gorgeous walk-in, dual head shower with frameless glass enclosure; large soaking tub and dual vanity. Continuing through you will be happy to find 2 large guest bedrooms, updated guest bathroom with newer walk-in shower, upgraded fans and light fixtures throughout, Rain Soft whole home water treatment system, Rain Soft Ultrafine II Reverse Osmosis drinking water system, smart thermostat and doorbell, video cameras and more!! Outdoors you will be blown away straight to Margaritaville with a huge, heated pool with interactive customizable lighting, large covered lanai, ELECTRIC ROLLDOWN HURRICANE SCREENS ON REAR LANAI, upgraded pool cage with 100 color customizable lanai lights, sun/grilling patio with gazebo, large abd fully irrigated backyard with vinyl privacy fence, bonus gate to allow for boat or RV storage and so much more! Age of Key Components are as Follows: Roof (2023), AC (2016 with newer coil and compressor), Eco- Efficient Water Heater (2021), Kitchen Range (2024). Other features include Generator with Two 100-gallon propane tanks, video cameras, Pit Boss Smoker Grill, patio set and awning and more!! This home can fully function in a power outage situation!! Home is located near shopping, dining, entertainment and all that Sunny SW Florida has to offer!! Call for your private showing today!
Source: FORTMYERS #225074596
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.