Nestled overlooking a private and protected preserve, this meticulously maintained "Tribeca" floorplan home offers 2234 sq. ft. of luxurious living space in the amenity rich community of Riverstone in North Naples. With 3 bedrooms, den, 2.5 baths, and a 2 car garage, this residence provides ample room for family living and entertaining. The split floorplan includes an open Great Room floorplan with a 14’ slider to the lanai and separate formal dining room. The updated Kitchen includes solid raised panel cabinetry with pull outs, china display cabinet, and over/under cabinet lighting. Enjoy the Florida sun around the heated pool with sunshelf and al fresco dining under the covered lanai complete with outdoor kitchen. Southern rear exposure makes this home light and bright all day long! A long list of notable features include: BRAND NEW HVAC & HOT WATER HEATER; 12x24 tile floors throughout the common areas and high end engineered wood floors in the bedrooms; plantation shutters; crown & detail moldings throughout; easy to use accordion hurricane shutters; widened brick paver driveway; recessed lights in each room; and more! Located in Riverstone, North Naples' premier community, this home offers access to incredible amenities, including a clubhouse with a fitness center, indoor/outdoor basketball courts, a resort-style pool, lap pool, kiddie water park, playground, 5 tennis courts, billiards room, social hall, game room, and more. Riverstone’s prime location is just minutes from I-75, the beach, Mercato, RSW, and downtown Naples. Top-rated schools are nearby, including Laurel Oak Elementary, Oakridge Middle School, and Aubrey Rogers High School. Low HOA Fees of just $1,515/quarter which includes all clubhouse amenities, gated entry, home landscaping, home irrigation water, and home irrigation system maintenance.
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.
