STONECREST is a 55+ Golf Course Community With All The Amenities, 4 Pools (one indoor) and just a Bridge Away By Golf Cart To The Villages! Exceptional 3/2 Upgraded Concrete Block & Stucco Dogwood with a Side Facing 2 Car Garage. ROOF 2021! HVAC 2023! Hot Water Tank 2021! This home offers Tremendous curb appeal featuring a Decorative Paver Driveway and Walkway, Low Maintenance Professional Landscaping, Covered Front Entrance and an Elegant Leaded Glass Front Door with Side Light Accents! This well appointed home boasts Plantation Shutters, Vaulted ceilings, Upgraded Designer Light Fixtures, No Carpet, and an Open Concept Floor Plan! This Dogwood offers a Dinning area with a Stunning Designer Chandelier, Tray ceiling, and Plantation shutters which flows to the Large Living area off the Open Kitchen with access to the Enclosed Lanai, creating a Spectacular Space for Social Gatherings, and relaxing with Family! This Spacious Kitchen showcases Granite countertops, Tile backsplash, Stainless appliances, Solid Wood cabinets with Pullouts, Generous Breakfast Bar with Upgraded Pended Light fixtures, and an Eat in area with a Designer Light fixture and access to the Enclosed Lanai. The Luxurious Primary suite offers a Large Walk in Closet, and an En Suite Bathroom. The En Suite Bathroom features a Two Sink Vanity, Linen Closet, and a Tiled Walk in Shower. Enjoy the additional living space on the 18 x 8 Enclosed Lanai with Tile flooring, sun shades, and access to the Beautifull Back Patio with Paver flooring, and Canopy Covered Pergola which creates a Spectacular Outdoor Living Space! Great for Enjoying the beautiful Florida weather with BBQ's, and Dining Outside! The 27 x 19 Two Car Garage has plenty of room for all your storage needs featuring Built In Cabinets, and an Additional counter top! Security Cameras do Not Convey. Stonecrest is a 55+ gated golf course community with all the amenities, pools, pickleball courts, softball, 18 hole championship golf course, Broad Stripes Golf & Social Club and over 80 different clubs to join! Overall, this home offers a combination of Great Outdoor Space, Updated Features, a Fantastic Location, and a Secure Community Setting. A WONDERFUL LIFESTYLE AWAITS YOU IN 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.
