Welcome to 3560 Stonebriar Lane, a beautifully upgraded 3-bedroom, 2.5-bath home with a flex space, located in the highly desirable gated Riverside Oaks community in Sanford, offering private access to Lake Monroe and the St. Johns River. Built in 2022, this home features 2,847 sq ft of thoughtfully designed living space with high-end finishes throughout. The primary suite is located on the first floor, providing comfort and privacy, while upstairs offers additional bedrooms, a loft/flex area, and a half bath. The flex space or a portion of the upstairs loft can easily be enclosed to create a 4th bedroom, home office, or media room, adding excellent versatility. Interior highlights include tray ceilings, 9-foot doors, elegant wrought iron stair railings, wood-look plank tile flooring throughout the main living areas, and upgraded lighting that enhances the open-concept layout. The gourmet kitchen is a true centerpiece, featuring 42” upgraded soft-close cabinetry, nickel hardware, oversized island, shaded walk-in pantry, and seamless indoor-outdoor living through expansive trifold doors. Step outside to your private screened-in pool oasis with sealed pavers, pool furniture, and an outdoor TV, perfect for entertaining or relaxing year-round. Additional upgrades include electric window blinds, washer and dryer included, laundry room with utility sink, glass-enclosed shower upgrade, and an oversized garage with raised door height ideal for larger vehicles. Residents enjoy resort-style amenities including a gated entrance, community pool, dog park, playground, and private community boat ramp with access to Lake Monroe. Quarterly HOA dues of $424 include community maintenance and amenities. Conveniently located minutes from Historic Downtown Sanford, waterfront dining, shopping, parks, and major highways, this home offers luxury, flexibility, and an exceptional Central Florida lifestyle. Schedule your private showing today.
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.
