Welcome to this immaculately maintained original home in the desirable community of Stoneledge. With 3 bedrooms, a den, and 2.5 baths across 2,035 square feet, this residence offers a seamless blend of comfort, style, and thoughtful upgrades. Freshly painted interior 11/2025. Nestled on a fully fenced homesite overlooking a tranquil pond, the backyard is your private oasis—complete with an extended screened lanai, pavered patio, Edison-style lighting, and concrete under the rear fence for added security. Enjoy spectacular evening sunsets right from your backyard. Inside, you’ll find tile flooring throughout the main living areas, luxury vinyl waterproof plank flooring in the office, and carpet in primary & one guest bedroom. The wide entry foyer, custom crown molding, updated baseboards, and plantation shutters at the dining room and office enhance the home’s elegant character. The gourmet kitchen is equipped with stainless steel appliances, 42-inch wood cabinetry, granite countertops, under-cabinet lighting, USB-equipped, pendant lights over the island, and slide-out drawers in the lower cabinets. A pantry with durable steel shelving completes the space. Additional highlights include: Accordion and roll-down hurricane shutters throughout, included generator, 20-amp service in the den for an extra fridge or freezer, Primary suite with double vanities, soaking tub, and separate shower, large front-load washer and dryer with storage shelves, closet upgrades with double-door entry and blackout curtains in one guest room. Low monthly HOA of just $92, covering ponds, common areas, entrance, dog park, and mailboxes. New AC system (Feb 2024) with transferable 10 year warranty. Average electric bill of just $125/month. Every detail has been thoughtfully designed and lovingly cared for—this is truly a move-in-ready gem in a sought-after neighborhood.
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.
