Virtually Staged. Stonecrest is a 55+ gated golf course community with all the amenities and 4 pools (one indoor), and just a Bridge Away By Golf Cart To The Villages! Welcome to this Unique 3/2 Concrete Block and Stucco Casa Loma Villa with a 2 Car Garage on a Quiet Cul De Sac, No Carpet, Open Concept Floor Plan, HVAC 2021, Solar System 2022, Hot Water Heater 2023, 3 New Skylights 2024, Smoke and Fire Detection System 2021, Roof 2018! Upon entering into the foyer, you are greeted by the Dining and Living area combination with the Dining showcasing a Gorgeous Designer light fixture, Vaulted ceiling, Stunning Luxury Vinyl Plank flooring, and provides sliding doors to the Enclosed Lanai creates an exceptional gathering area, perfect for entertaining Family, and Friends! The Spacious Kitchen is bathed with natural light featuring a Vaulted ceiling, Tile flooring, Pantry closet, Granite countertops, Tile backsplash, White Appliances, plenty of Wood cabinets, and a nice size Pass thru to the Living area! The Primary bedroom showcases glowing Luxury Vinyl Plank flooring, a Walk in Closet, and an En Suite bathroom. The En Suite bathroom boasts a nice size Vanity, and a Walk in Shower. The Second Bedroom features a built in closet, Luxury Vinyl Plank flooring, and the Third Bedroom (no closet) provides Luxury Vinyl Plank flooring, offering plenty space for your guests, with the Guest bathroom showcasing a Tiled Tub and Shower combination. The Private Enclosed Lanai with wood look tile flooring offers room for multiple seating areas, and provides access to the back patio! Retreat to your own private outdoor Oasis, on the Back Patio with Paver flooring, and Privacy Landscaping, enhancing the outdoor living experience! Enjoy Outdoor BBQ's, Sunset Dinners, and the Beautiful Florida Weather! There is plenty of room for storage in the 21x20 2 Car Garage! 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! As a private gated golf course community, you can expect a high level of privacy and security. Overall, this home offers a combination of Great Outdoor Space, Upgraded 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.
