One or more photo(s) has been virtually staged. Why wait months to build only to end up on a smaller lot with rear neighbors or a road behind your home? This gently lived-in residence in the highly sought-after guard-gated community of Stoneybrook Hills offers an increasingly rare opportunity—a premium 60-foot conservation homesite that delivers the privacy and natural views many buyers desire but struggle to find in new construction. Built with modern living and efficiency in mind, the home is equipped with energy-saving solar panels (4.42 kW system), helping to keep utility costs low while providing comfort and long-term value from day one. Inside, you'll find a spacious single-story floor plan featuring a desirable split-bedroom layout that offers both privacy and flexibility for families, guests, and remote work. Tile flooring extends throughout the main living areas, while luxury vinyl plank flooring enhances each bedroom—there is no carpet anywhere in the home. A neutral designer color palette and open-concept design create a bright, welcoming atmosphere. The heart of the home is the beautifully appointed kitchen, complete with crown-molded cabinetry, stainless steel appliances, sleek stone countertops, a large center island with bar seating, and abundant cabinet and pantry storage. The kitchen flows seamlessly into the dining and living areas, making it ideal for both everyday living and entertaining. Step outside through the sliding glass doors to discover your oversized backyard overlooking peaceful conservation. This private outdoor space offers endless possibilities—create your dream outdoor kitchen, add a pool, build a sports court, or simply enjoy the extra room for pets and family activities. Tucked away at the rear of the home, the private primary suite serves as a relaxing retreat with tranquil backyard views, a spacious walk-in closet, and a well-appointed en-suite bathroom. Two additional bedrooms are positioned toward the front of the home and share a second full bathroom, providing plenty of space for family and guests. Living in Stoneybrook Hills means enjoying access to one of Mount Dora's premier amenity-rich communities. Residents benefit from 24-hour guard-gated security, a resort-style swimming pool, clubhouse, fitness center, splash pad, tennis courts, basketball courts, baseball field, and numerous recreational amenities designed for an active lifestyle. Conveniently located near US-441, residents enjoy easy access to shopping, dining, and the charm of historic Downtown Mount Dora, renowned for its waterfront scenery, year-round festivals, unique boutiques, and small-town character. This move-in-ready home offers the perfect combination of privacy, modern finishes, energy efficiency, and community amenities—without the delays, added expenses, or compromises often associated with new construction. Enjoy peaceful Florida living while remaining just a short drive from everything Central Florida has to offer.
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.
