****ASSUMABLE LOAN AT 2.25%!!!! Home has a 1 year Home Warranty through Home Tech upon closing! Discover the pinnacle of resort-style living in this impeccably upgraded single-story Trevi floorplan home, nestled in the prestigious 24-hour guard-gated River Hall Country Club. This move-in-ready 4-bedroom, 3-bathroom residence spans 2,032 sq. ft. and includes a coveted full golf membership to the renowned Davis Love III-designed 18-hole championship course. Thoughtfully enhanced in the last two years with premium upgrades far beyond standard builds, features include: PGT hurricane-impact windows, electric retractable Storm Smart Kevlar screens (new 2025) on the front porch and lanai, whole-house gutters, a Culligan water softener with reverse osmosis in the kitchen, FPL-certified EV charger, extra-wide driveway, custom closet systems in all bedrooms, insulated garage with Wi-Fi opener, modern bathroom upgrades including frameless glass showers and Bluetooth exhaust fan in the primary, custom kitchen range hood and pantry microwave, and durable new countertops throughout. Enjoy outdoor paradise on the NW-facing re-screened lanai (ultra-fine Kevlar mesh, 2024) with a rebuilt saltwater pool/spa heater, offering breathtaking sunsets and sweeping golf views over the 4th tee box and 3rd/4th holes. Storm-ready outside the flood zone with a whole-house app-controlled Generac generator backed by a 500-gallon buried propane tank—proven reliable through Hurricane Ian. Enjoy all the amenities that the Country Club has to offer including a 14,000 sq. ft. Town Hall fitness center, lagoon pool, tennis/pickleball/bocce, and clubhouse dining. Just 15 minutes to downtown Fort Myers and the Caloosahatchee River.
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.
