Welcome to this gorgeous, all-brick, custom-built home nestled in a cul-de-sac within the sought-after Lake Carolina community. Zoned for award-winning schools, this home boasts 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, giving the room a stately, architectural elegance and a refined, custom-built feel.The owner’s suite offers new carpet along with updated faucets and bathroom hardware, while fresh paint brightens the entire home and a newly stained deck provides the perfect outdoor retreat. With plenty of yard space, you will have endless possibilities to design the perfore outdoor settings - from a lush garden to a pool, playground or peaceful backyard haven.Vaulted ceilings in the living room, secondary bedroom, and owner’s suite enhance the spacious feel throughout. Plantation shutters and wood blinds add timeless charm and detail.The kitchen is equipped with stainless steel appliances and features a spacious peninsula, offering plenty of room for meal prep and counter seating. The custom pantry cabinets offers plenty of dry food storage and household staples. The eat-in area has truly been the heart of the home — the hub of family dinners, holiday gatherings, and special celebrations.Additional highlights include a true laundry room with a sink, a two-car garage, and an extended driveway that comfortably fits four additional vehicles.Located in the pristine Arbor Place section, you’ll enjoy walking distance to the elementary and middle school, YMCA, pickleball courts, the community pool, and freshly repaved trails.This is truly a one-of-a-kind opportunity. Homes in Arbor Place rarely become available — don’t miss your chance to own in one of Lake Carolina’s most desirable neighborhoods! Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
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.
