3200 Birch Tree Ln, Alva, FL 33920
3 beds · 2 baths · sqft
Discover the perfect blend of luxury and community living in this spacious Cairn floor plan nestled within the scenic Cascades at River Hall. Situated on an expansive oversize corner lot overlooking a serene preserve, this home offers the ideal setting for adding a pool effortlessly. Spanning 2,090 square feet under air, the home features 3 bedrooms plus a den, a 2-car garage, and a covered open lanai. Upon entry through the spacious foyer, a well-appointed layout unfolds with two guest rooms and a bath conveniently located to the right, along with a dedicated laundry area. Continuing down the hall leads to a versatile double den, ideal for a home office or additional living space. The heart of the home opens up into a bright and airy living, dining, and kitchen area. The kitchen boasts GE appliances, a counter-height granite island with ample seating, generous counter space, and a walk-in pantry. The adjacent dining area flows seamlessly onto the covered lanai, offering tranquil views of the preserve for peaceful outdoor relaxation and entertaining. Retreat to the expansive main suite, comfortably accommodating a king-size bedroom set. The main bathroom features double sinks, a spacious shower, and an oversized walk-in closet, ensuring ample storage and comfort. Additional storage is available with closets off the garage entry and hallway. Cascades at River Hall presents an unparalleled 55+ active community lifestyle, complete with resort-style amenities such as a pool, hot tub, BBQ grills, ample deck seating, pickleball courts, tennis courts, bocce ball courts, a clubroom for activities, exercise and yoga rooms, and extensive walking and biking trails. Conveniently located east of Downtown Fort Myers River District, with easy access to I-75 just 7 miles away, and surrounded by a wealth of shopping and dining options, this home offers both luxury and convenience in one remarkable package.
Source: FORTMYERS #224056564
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224056564
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: #224056564
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