Welcome to a truly one of a kind lakefront opportunity in the highly desirable Millpond subdivision. Perfectly positioned on a private corner lot, this stunning fully renovated brick home offers breathtaking water views and an unmatched setting as the only property in the community with a private deck right on the lake. From the moment you arrive, the natural beauty of the water, lush landscape, and visiting ducks and geese create a peaceful retreat that feels like a getaway every day. This home offers 4 Bedrooms, 4 Bathrooms with 2,848 sq ft. Step inside to an inviting two story foyer that opens into a grand living room filled with natural light and sweeping lake views. This home is designed to bring the outdoors in, with water views from the living room, dining room, and even upon entry. The open concept kitchen is both elegant and functional, featuring granite countertops, an oversized island, upgraded high end appliances, and additional space for a breakfast area, all overlooking the serene backyard and lake. The main level offers a thoughtfully designed layout with a luxurious owner's suite and spacious en-suite bath, along with two additional bedrooms connected by a Jack and Jill bath. Upstairs, a private fourth bedroom with its own full bath provides the perfect guest or flex space. The partially finished terrace level is an entertainer's dream, complete with a media room featuring surround sound, plus an additional room ideal for an office, gym, or recreation space. The unfinished portion already includes HVAC, plumbing for a full bath, and endless potential for a second kitchen, additional bedrooms, or workshop. The lower level opens to a beautifully level backyard that leads directly to the water's edge. With a brand new deck, modern renovations and updates throughout, abundant privacy, and incredible versatility, this home offers a rare blend of luxury, comfort, and nature. A true standout in Millpond, this property delivers a lifestyle that is both peaceful and perfect for entertaining.
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.
