Welcome to this beautifully designed two-story home, offering 5 spacious bedrooms and 3 full bathrooms in a serene, gated community of only 200 homes. The 5th bedroom was opened up to create a large master suite, but can be converted to 5th bedroom again. Nestled on a premium waterfront lot, this property boasts breathtaking lake views that can be enjoyed from the comfort of your living spaces and backyard with fruits trees. The thoughtfully designed floor plan includes a downstairs bedroom with its own bathroom—perfect for guests or multi-generational living. Upstairs, you'll find four additional bedrooms, including a luxurious primary suite with panoramic lake views. 3rd car garage workshop was converted to an extra room in the home, (SEE MORE for ADDT'L DESC.) 6 inch crown moldings throughout the house, except bedrooms and upstairs bathrooms. New A/C installed 1/24/20. The kitchen opens seamlessly into the living and dining areas, creating an inviting space for entertaining. Outside, the backyard offers a tranquil setting to relax and soak in the serene waterfront ambiance. Sunrises and sunsets are breathtaking. The way the property sits, from the backyard, you get the sunrise to your left and the sunset to your right. The back terrace has a convenient roll-down screen to keep the mosquitos out, and maintain a comfortable temperature. A spacious three-car garage provides ample storage, and the community amenities ensure a secure and upscale lifestyle. This home combines elegance, comfort, and a prime location, making it a rare gem in the much sought after Stonehaven community. Life here is unique. Neighbors are welcoming. Golf carts allowed. Property also has a built-in pest control that provides extermination through an exterior wall port on both sides of the property. Extra large walk-in pantry which can be converted into a great Chef's Pantry. HOA includes alarm monitoring, cable tv with 500 + channels, high speed internet, manned guard gate, pool, clubhouse, fitness room, and pickleball and tennis courts. Garages use a wireless garage opener app, and also 2 remotes. A/C is from January of 2020, and it gets maintenance every 6 months. Owner has hard copies of all original plans (interior and exterior), plus pictures from original build, and also flash drive with photos. Don't miss the opportunity to make this stunning Florida lakefront property your new home!
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.
