Welcome to this immaculate four-bedroom, three-bath lakefront home, where luxury, comfort, and thoughtful upgrades come together beautifully. Step into a home that feels like a retreat, with stunning lake views enjoyed best from the backyard while relaxing around your gas fire pit-the perfect setting for evenings under the stars. Inside, you'll find wood-look tile flooring throughout, creating a seamless and elegant flow from room to room. The chef's kitchen with its new dishwasher and gas stove is designed to impress, offering both style and functionality for everyday living and entertaining alike. A striking gas fireplace anchors the living space, featuring a one-of-a-kind mantle sourced from the historic Belleview Biltmore Hotel in Belleair, Florida-adding a touch of timeless character and charm. This home has been meticulously maintained and upgraded, including painted and sealed driveway, sidewalk, and front porch, along with a 3 car epoxied garage floor, to go with the 3 garage spaces the driveway will fit 6 cars for a total 9 parking spaces. Energy efficiency is a standout feature with a spray-foam insulated attic, double-pane windows, a natural gas tankless hot water heater, and a water softener for added comfort and savings. Outdoor living is already prepared for your vision with a natural gas stub for your barbecue grill and prewiring for a future hot tub. Every detail has been considered, making this home truly move-in ready. Added bonus: this home is offered with a one-year home warranty with Choice Home Warranty and features a VA assumable loan at an excellent low interest rate (qualified buyers). Located in a sought-after gated community offering a swimming pool, tennis courts, basketball court, and playground, this home combines lifestyle and convenience. Plus, you're less than an hour from the beaches, Jacksonville International Airport, and historic St. Marys, Georgia. Beautifully appointed, thoughtfully upgraded, and impeccably cared for-this exceptional lakefront home is one you won't want to miss.
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.
