Short Sale Alert! This is your chance to grab this large upper condo with ALL TILE in beautiful River Hall Country Club! Over 2100 sq ft for this price is unheard of in Lee County! Bundled golf membership included and your condo fees pay Internet, Water, Sewer, Trash and Cable! Just pay electric and your golf dues and start living the Southwest Florida lifestyle! First floor entry with attached garage makes this coach home feel like a large townhouse, complete with a motorized chair lift! Vaulted ceilings, a large screened-in lanai with serene views for enjoying your morning coffee or dinner with friends and a split bedroom floor plan give you the privacy you seek with guests or family in town. Have you seen the oversized master bathroom with soaking tub and separate shower?! This place is huge!! And did we mention this property is sold 100% TURNKEY! Beautiful modern style furnishings, leather sofa in den, multiple TVs and so much more! Just bring your clothes, buy a golf cart and play unlimited golf year-round! Large eat-in kitchen with newer stainless steel appliances, subway style black splash and newer granite counter tops. Ashton Oaks is the ONLY section of River Hall with a hot tub in the entire community! River Hall has a private, members only 'bunker bar' restaurant featuring live music and happy hour weekly at the heated pool! Caloosa grill inside the clubhouse for after golf lunch or fine dining, 2 driving ranges with unlimited balls, 2 putting greens, a 3-Hole 'Short Course', fully stocked pro-shop, golf clinics, private lessons, and an 18-hole Davis Love III designed course that allows you to walk 7 days week for free! in front of the guard house, you will see the River Hall Town Center. There you will find a large, second floor gym with Yoga room, another massive resort pool, activity room, library, billiards table, ping pong table, lighted pickleball and tennis, lighted bocce courts, and a basketball area! You will not find a better deal in all of SW FL!
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.
