549 Peck Ave, Fort Myers, FL 33919
2 beds · 2 baths · 2,183 sqft
Welcome to the highly desired McGregor neighborhood, where this exceptional home offers not only an unbeatable location but also an unheard-of financial opportunity—an assumable loan at just 1.75%! Yes, you read that right! Imagine securing this beautiful property with a mortgage rate well below today's market average, adding incredible value to an already exceptional offering. Situated on the riverside of historic McGregor Blvd, this home is perfectly positioned to take you from the vibrant redeveloped River District to the sugar-sand beaches of the Gulf of Mexico with ease. The charm of this neighborhood is undeniable, and this home complements it with a blend of modern updates and classic character. Inside, the open-concept living design creates an inviting and functional space. The comfortable split floor plan offers a spacious master suite and private guest suite, perfect for both everyday living and hosting visitors. The updated chef's kitchen is a showstopper with designer cabinets, quartz countertops, and a large island that doubles as a prep space, entertaining area, and additional dining option. The modern white appliances, pot filler at the stove, tongue & groove cathedral ceiling, and modern barn-style sliding doors throughout add thoughtful touches of convenience and style. The home features all laminate and tile flooring, a NEST smart home system, and cathedral ceilings with wood detail, enhancing both comfort and aesthetic appeal. The wall of vinyl sliding doors let tons of natural light in and lead you to a stunning outdoor living space that feels like your own private resort. Step outside to a custom-built stone and cement pool and spa, surrounded by a massive yard and an expansive covered lounging area. The heated pool and spa feature waterfalls and an LED light system, creating a serene and vibrant atmosphere day or night. The covered lanai is perfect for entertaining, offering ample space for gatherings, backyard barbecues, and enjoying the beautiful Florida weather year-round. The home has been meticulously maintained and thoughtfully updated, including a master bath renovation with a tankless hot water heater, a new roof, and new A/C. A new pool heater ensures year-round enjoyment. The non-gated neighborhood offers a welcoming community vibe with no HOA restrictions, and you are just a short walk to the riverfront, where you can catch breathtaking sunsets. Parking is never an issue with a full-size 2-car garage and a large circular driveway, providing convenience and space for visitors. This home is a rare find—not only for its location and amenities but for the unmatched financial advantage of an assumable 1.75% mortgage rate. Homes like this don’t come along often—don’t miss your chance to make it yours!
Source: FORTMYERS #225022657
Financials
Source: FORTMYERS #225022657
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.