Welcome to your new villa home in the highly sought-after Cascades at River Hall, where lifestyle, comfort, and value come together in one of Southwest Florida’s most vibrant 55+, active-adult communities. From the moment you arrive, the screened front entry sets the tone for relaxed Florida living. Inside, this beautifully maintained 2-bedroom + den, 2-bath villa with a 2-car garage offers a bright, open layout designed for both everyday comfort and effortless entertaining. The spacious kitchen flows seamlessly into the dining and living areas, making it easy to stay connected with guests while preparing meals or hosting gatherings. But the true highlight of this home is the extended screened-in lanai. Overlooking a peaceful, private preserve, this outdoor living space feels like your own personal sanctuary. Whether you're enjoying your morning coffee, hosting friends for evening gatherings, or simply relaxing with a good book, this oversized patio becomes a natural extension of your living space. With its tranquil views and added privacy, it’s the perfect place to embrace the Florida lifestyle year-round. Adding even more value, the home features solar panels with an assumable lease maintained by the leasing company—a major distinguishing feature that helps keep energy costs low while reducing your carbon footprint. The average total electric cost is approximately $124 per month including the lease payment, making this home both eco-friendly and cost-efficient. The den provides flexible space for a home office, hobby room, or guest overflow, while manual hurricane shutters for the patio and doors offer added peace of mind. Beyond your front door, the Cascades lifestyle is second to none. With low HOA fees that cover lawn care, landscaping, irrigation, cable, and internet, you’ll spend less time on chores and more time enjoying the community’s incredible amenities. Residents have access to a beautiful clubhouse, heated resort-style pool and spa, outdoor grilling areas, a fitness center, and courts for pickleball, tennis, and bocce ball. A full calendar of social events and activities makes it easy to meet neighbors, stay active, and enjoy the vibrant 55+ lifestyle. And with pet-friendly policies, your furry companions are welcome too. Homes with private preserve views, energy-saving solar panels, and extended outdoor living space rarely become available. This home has received its LOMR-Flood Insurance NOT Required!! Schedule your showing today before this opportunity is gone.
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.
