5240 Rishley Run Way, Mount Dora, FL 32757
4 beds · 5 baths · 2,882 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Your Forever Home in Stoneybrook Hills Awaits! BRING OFFERS! SELLER MOTIVATED! Welcome to this beautifully updated 4-bedroom, 4.5-bathroom home in the family-friendly, amenity-rich Stoneybrook Hills Community. This home has it all—from a *NEW ROOF* and freshly updated kitchen, to a redone master bathroom in 2023 and a new vanity in the upstairs bathroom. Inside, you’ll be greeted by soaring ceilings in the 2-story entryway and a formal dining room that sets the stage for warm gatherings. The master suite is a true retreat, featuring a private balcony with peaceful conservation views and a luxurious spa-like bathroom. The first-floor bedroom offers beautiful engineered cherry wood floors, and the home also includes a media room with its own bathroom—perfect for movie nights or guest stays! Step outside to enjoy the incredible 60-foot screened-in porches on both levels—ideal for hosting friends or simply enjoying the Florida breeze. A brand-new patio door was recently added, enhancing the indoor-outdoor flow and providing easy access to your backyard oasis. Stoneybrook Hills offers something for everyone: an Olympic-sized pool, playground, tennis and basketball courts, clubhouse, fitness center, and more—all within a secure, 24-hour guarded community. Plus, you're just a short drive from Mt. Dora’s charming shops, dining, and major roads. With its updates, space, and location, this home is ready to welcome you and your family!
Source: STELLAR #S5124713
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #S5124713
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.