Located in the private, gated Stoneybrook section of Heritage Harbour, this thoughtfully updated three-bedroom, two-bath home offers flexible living and beautiful golf and lake views. Notable updates include porcelain plank flooring throughout the home, along with an updated kitchen and primary bath. The home is also equipped with a whole-house generator, while major systems have been updated, including the HVAC system, pool equipment, and all appliances—offering peace of mind and move-in-ready convenience. The home features crown molding throughout the main living spaces and a living room accented by a double tray ceiling and sliders to the extended lanai. Plantation shutters are found in the kitchen, dining room, office, and guest bedrooms. The primary suite offers sliding-door lanai access and includes two custom-organized walk-in closets and a spacious en-suite bath with a double-sink vanity, frameless glass walk-in shower, soaking tub, linen closet, and private water closet. A private office with double-door entry, wainscoting, and a closet provides the option of a fourth bedroom. Outdoor living is enhanced by an extended, air-conditioned lanai with motorized roll-down shades, overlooking a saltwater pool with spa jets and a sleek glass enclosure for added safety, surrounded by tropical landscaping and tranquil golf and lake views. Additional exterior features include a tile roof, paver driveway, private mailbox, and landscape lighting. The impressive garage offers wrap-around built-in cabinetry and its own split A/C. Stoneybrook residents have access to a community pool, club room, fitness center, sports courts, dog park, and dining. Golf memberships are optional. Conveniently located near shopping, dining, medical facilities, I-75, and just a short drive to Florida’s renowned Gulf Coast beaches. For those seeking added convenience, furnishings are negotiable.
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.
