Welcome to 10324 Lakemont Dr, a well-appointed single-story home offering 3 bedrooms, 2 bathrooms, and approximately 1,998 square feet of thoughtfully designed living space built in 2021. This property stands out for its seamless blend of comfort, function, and location, appealing to buyers searching for a move-in ready home with modern upgrades and strong community amenities. A welcoming entry introduces a flexible front hallway with secondary bedrooms positioned for privacy, while the open-concept living, dining, and kitchen areas create a natural gathering space enhanced by elevated ceilings, abundant natural light, and a warm, inviting fireplace. The kitchen is designed for both everyday use and entertaining, featuring generous cabinetry, durable countertops, stainless steel appliances, and a large island that anchors the space and supports casual seating. Recent improvements elevate both style and efficiency, including a custom steel front door from Love That Door, a steel insulated garage door with beltdrive Bluetooth opener, overhead garage storage racking, and programmable Jellyfish eave lighting with thousands of color options for year-round accent or holiday display. Custom rock and flagstone pavers along the sides of the home add distinctive curb appeal and functional outdoor pathways. The backyard offers a unique advantage with no rear neighbors, backing to an expansive greenbelt that enhances privacy and open views. Outdoor features include a gas fire pit and a patio plumbed for a grill connection, ideal for entertaining or relaxing. Residents benefit from convenient access routes with no rail crossings, proximity to grocery stores, stocked ponds, and miles of walking paths throughout the community. A nearby community center with a swimming pool further contributes to the overall appeal and lifestyle convenience. This home delivers a compelling combination of location, upgrades, and livability for today’s buyer. Seller offering 1-Year Home Warranty.
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.
