3 CAR GARAGE! LAKE VIEW! LOW HOA! LOW CDD! CERAMIC TILE THROUGHOUT! This beautifully maintained home radiates warmth and care from the moment you step inside. Nestled within one of Venice’s premier guard-gated communities, this popular floor plan is thoughtfully designed to maximize living space—ideal for entertaining family and friends. Featuring 4 bedrooms, 3 bathrooms, and a 3-car garage, the residence is truly move-in ready. Enjoy exceptional privacy with no homes behind the property and peace of mind provided by hurricane shutters. High ceilings and an open layout create an inviting atmosphere perfect for gatherings. The entryway opens to elegant formal living and dining areas, leading to a spacious kitchen equipped with stainless steel appliances, 42" cabinetry, corian countertops, a breakfast bar, pantry, eat-in nook, and built-in oven. The family room offers a comfortable retreat for relaxing or watching TV. The home’s split-bedroom design enhances privacy, featuring a mother-in-law suite, two guest bedrooms, and a separate primary suite. The primary suite impresses with soaring ceilings, dual walk-in closets, dual sinks, a vanity, garden tub, separate shower, and direct access to the lanai. 2018 - A/C, 2018 - HOT WATER TANK, 2018-Painted Interior and Exterior, Generac Generator Wired. The covered and screened lanai—accessible from both the living and family rooms—overlooks a serene lake, providing a peaceful backdrop to enjoy the sights and sounds of nature. Residents of Stoneybrook at Venice enjoy an exceptional array of amenities, including a resort-style pool, splash pool, fitness center, lighted tennis and basketball courts, in-line skating rink, two sand volleyball courts, multi-purpose field, and scenic walking and biking paths. Conveniently located just 10–15 minutes from Venice Island and Venice Beach, and only 5 minutes from Wellen Park and the Atlanta Braves Spring Training facility, this home offers the perfect blend of luxury, comfort, and location. To view the luxury video, please copy and paste the following link: https://player.vimeo.com/video/1125554371?badge=0&autopause=0&player_id=0&app_id=58479
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.
