Well-designed floor plan featuring two primary bedrooms, each with it's own full bath w/ walk-in showers. This affordable, move-in-ready home offers convenient Florida lifestyle living near community amenities, including a golf course, clubhouse, community center, and more. Home includes 1,284 sq. ft. of gross living area, plus attic storage in the garage with a drop-down stair shuttle. Additional features include gutters, a two-vehicle driveway, front covered brick patio, exterior lighting, mailbox, and landscaping with Queen Palms. The enclosed glass lanai with vent controlled heat and air provides additional year-round usable space. A practical layout with 5 rooms total—2 bedrooms and 2 full baths—makes this an affordable, well-maintained home ready for immediate occupancy.********** ADDTIONAL SF INCLUDES THE UNDER HEAT AND AIR ENCLOSED GLASS LANAI. Permits on record: 2020 EQUAL C/O 3 TON 16 SEER TEMPSTAR HVAC SYSTEM & ADD SUPPLY. 2020 INSTALL 3 OUTLETS IN LANAI. 2020 REMOVE AND REPLACE SHINGLES ON SFR FL OWENS CORNING FL. 2020 REPLACE 10 WINDOWS & 1 DOOR SIZE FOR SIZE CONVERSION TO C******** 2 replacement windows are on order with Window World. Today could be the BEST DAY OF THE REST OF YOUR LIFE! If you're searching for a home in a private, gated, golf community, look no further—you've found your dream lifestyle at Stonecrest. Nestled in the heart of Central Florida, Stonecrest is a deed-restricted, active adult golf community that offers the perfect blend of luxury, convenience, and recreation. Imagine waking up every morning in a community designed for those who cherish an active lifestyle, where golf cart access takes you to nearby shopping and more. At Stonecrest, you'll have access to an array of amenities, including 26 clubs,67 activities, four community pools, one of which is a serene indoor pool—along with a spa and a fully equipped fitness center. Whether you're looking to stay fit, relax, or meet new friends, you'll find it all here. With over 90 clubs to join, you'll never run out of opportunities to explore your passions and hobbies. The clubhouse is a hub of social activity, featuring a popular, casual dining restaurant where you can enjoy great food and even better company. For the golf enthusiast, Stonecrest boasts 18 holes of championship golf, providing a challenging and scenic experience. The fun doesn’t stop there—enjoy lighted pickleball courts, softball, and so much more. Welcome to Stonecrest.
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.
