Welcome to this gorgeous, all-brick, custom-built home nestled on a peaceful cul-de-sac in the highly sought-after Arbor Place section of Lake Carolina. Offering a strong sense of community, beautifully maintained surroundings, and a prime location, this home combines timeless design with everyday comfort. Zoned for award-winning schools, this beautifully maintained residence features four bedrooms, two and a half baths, and hardwood floors throughout the main level.The living room is truly a showpiece, featuring a gas fireplace surrounded by elegant marble and topped with a stunning custom mantel. Grand arched windows flood the space with natural light, creating a warm and inviting atmosphere while showcasing the home's architectural character. Vaulted ceilings in the living room, owner's suite, and a secondary bedroom further enhance the spacious feel throughout.The owner's suite features new carpet, updated faucets, and modern bathroom hardware. Fresh paint throughout the home and a newly stained deck provide a move-in-ready experience. Step outside to a spacious backyard offering endless possibilities for outdoor living—from a pool or playground to a lush garden or private retreat.The kitchen is equipped with stainless steel appliances and a spacious peninsula that provides ample room for meal preparation and casual seating. Custom pantry cabinetry offers abundant storage for dry goods and household essentials. The eat-in area has served as the heart of the home, hosting family dinners, holiday gatherings, and countless special memories.Additional features include plantation shutters and wood blinds throughout, a true laundry room with a utility sink, a two-car garage, and an extended driveway that comfortably accommodates four additional vehicles.This home offers the perfect balance of comfort, functionality, and timeless design. Conveniently located near schools, the YMCA, pickleball courts, community pool, and miles of freshly repaved walking trails, you'll enjoy easy access to many of Lake Carolina's most desirable amenities.Don't miss this exceptional opportunity to own a custom-built home in one in one the most desirable neighborhoods! Disclaimer: CML
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.
