20600 Plumwood Loop, North Fort Myers, FL 33917
2 beds · 2 baths · sqft
This magnificent home received an appraisal and is priced BELOW market value! As you will see from the *Matterport Tour* the home is brimming with character and charm, and is an exceptional alternative to new construction! Upon arrival, you'll be captivated by its curb appeal, oversized lot, and lush landscaping. Enjoy your time in the lake view screened lanai, equipped with Coolaroo custom blinds for sun protection. The Lifestyle brand overhead garage door screen extends your relaxing space, and a security system ensures peace of mind. Interior of the home has been tastefully painted floor to ceiling and the kitchen is a chef's dream with quartz countertops, glass backsplash plus above and under cabinet lighting. Also included are Whirlpool stainless steel appliances, including an Air Fryer Convection range and the laundry room includes new cabinetry and an LG smart washer and dryer. The primary bathroom and closet have been enhanced with a new organization/storage system from Closets By Design, along with a beautiful glass shower door and glass shelving. Luxury vinyl plank flooring has replaced all carpet and compliments the ceramic tile throughout. This home includes an HVAC compressor protection package, an exterior generator plug with manual transfer switch and watt meters to accommodate a portable generator, and is enhanced with a drain guard and UV light system, and a new Smart Wi-Fi thermostat. The garage includes a Smart myQ garage door opener with battery backup. Ask your Realtor for the list of upgrades to this home. HOA dues cover cable, landscape maintenance, irrigation, on-site management, building insurance, reserves for roof and paint, and exterior pest control. The community offers a resort-style pool, lap pool, fitness center, shuffleboard and Golf & Country Club with an 18-hole championship golf course, a golf shop, and a restaurant. Golf memberships are optional. Magnolia Landing is conveniently located near attractions, shopping centers, restaurants, parks, beaches, and a short commute to downtown Fort Myers and Punta Gorda. This home is not just a place to live, but a lifestyle to embrace! Book Your Showing Today!
Source: FORTMYERS #224058723
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224058723
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #224058723