17739 SE 121st Terrace Rd Summerfield, FL 34491
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About this home
Welcome to the Exclusive 55+ Gated Golf Community of STONECREST, adjacent to THE VILLAGES, Florida. This beautiful 2 Bedroom PLUS DEN, 2 Bath home sits directly on the golf course at the 8th tee box and offers stunning views to enjoy year-round. Inside, you’ll find 10' CEILINGS and LAMINATE FLOORING throughout the home, creating a light and open feel. The Kitchen is designed for both style and functionality with CORIAN countertops, 42" CABINETS, STAINLESS STEEL Appliances, Pantry closet, and Breakfast Bar. A sliding door leads from the kitchen to the lanai, extending your living space outdoors. Windows in the Den are adorned with PLANTATION SHUTTERS and French doors that open to the Living room. The Primary suite Features its own sliding doors to the Lanai, Large WALK-IN Closet, and an en-suite Bathroom with Dual Vanities, Soaking Tub, and Walk-in Shower. The LANAI with BIRDCAGE enclosure is the perfect spot to relax with a refreshing drink while admiring your golf course view. Major updates include NEW ROOF (2019), giving you peace of mind. Stonecrest offers an impressive array of amenities, including four swimming pools—one of which is an Olympic-size indoor pool, spa, tennis and pickleball courts, bocce ball, softball field, and more than 80 clubs to join. With shopping, dining, and medical facilities just a golf cart ride away, everything you need is within reach. Don’t let retirement pass you by, start enjoying it here in Stonecrest! Call today to schedule your private showing.
Source: STELLAR #OM710484
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Close stress-free in 45 days, handled start to finish by Roam.
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.