15228 Ligustrum Ln, Alva, FL 33920
2 beds · 2 baths · sqft
WELCOME TO SERENE LIVING AT THE PEACEFUL 55+ ACTIVE ADULT GATED COMMUNITY OF CASCADES AT RIVERHALL! Embrace this super clean and well-maintained 1,519 sqft villa that has been updated by the sole owners since purchased in 2017! This meticulous, move-in ready home has 2 bedrooms, 2 bathrooms, and a den that can be used as an extra bedroom! The open floor plan is wonderful for entertaining your guests while cooking a delicious meal in the spacious kitchen. Enjoy your morning cup of coffee in your private screened in lanai, while overlooking the view of the tranquil preserve. Enjoy all of the upgrades in this fabulous, freshly painted home, such as interior sensored lights, screened in front porch, new bathroom faucets, pull-down attic stairs, and new washer and dryer. You will be impressed with the amenities that Cascades at Riverhall community has to offer including a heated, resort-style pool, clubhouse, fitness center, tennis courts, pickelball courts, bocce ball, activity rooms, and so much more! The community is also pet-friendly! Enjoy access to play golf at River Hall Country Club, and pay as you play! Conveniently located in Alva, right outside of Ft. Myers, and close to dining, shopping, and 175. Schedule your showing today!
Source: FORTMYERS #224075674
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224075674
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What 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.
MLS ID: #224075674
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.