448 Stonewood Ln, Maitland, FL 32751
4 beds · 3 baths · 3,308 sqft
PRICE REDUCTION!! WELCOME HOME to Stonewood, one of Maitland's most desirable and established communities. RENOVATED 4-bedroom 3 bath POOL home with an OFFICE on .26-acre lot with easy access to Uptown Altamonte, I-4, 436 and Maitland Boulevard. It may not look it from the outside but this 3308 square foot open layout home is HUGE on the inside with tons of storage and two 2-car garages! Store your toys or convert one garage to a workshop or a game room. With vaulted ceilings, oversized secondary bedrooms (including a 4’ x 23’ closet in the 4th bedroom), 2 living rooms and a formal dining room you will ensure everyone has plenty of space to stretch out. Split bedroom floor plan also allows for maximum privacy. HARDWOOD FLOORS, 42” cabinets and GRANITE countertops in the kitchen, UPDATED fireplace and skylights and wet bar allow for elegance and comfort when entertaining. The wall of windows lets in natural light and gives you a peek at Lake Hope while overlooking the sparkling blue pool. The Primary Bedroom opens to the deck where you can enjoy your favorite beverage to start or end your day. The Primary bathroom has been completely remodeled and the closet has plenty of built in storage. The expansive yard is fully fenced and private—perfect for hosting friends and family for backyard BBQs and pool parties. Appliances are approximately 5 years old. Roof is only 6 years old. Paver driveway installed and new gutters in 2019. The home was re-piped in 2021 and air ducts sealed and new insulation in 2021. New pool pump and new AC compressor on one of the AC units in 2022. New flooring in the bedrooms in 2023. With top-rated Seminole County Schools you can enjoy the Florida lifestyle in this gorgeous home that is the perfect place to live, play and entertain! Check out the 3D Tour: https://nodalview.com/s/0GNuHDJN11q9FJnN_jO76t
Source: STELLAR #s5105891
Source: STELLAR #s5105891
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #s5105891
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.