Experience modern elegance and elevated living in this custom Craftsman-style home, perfectly positioned within the prestigious Fawn Lake community. Built in 2019 and thoughtfully enhanced in 2023, this residence showcases sophisticated upgrades and luxurious finishes throughout, creating a warm and welcoming retreat designed for both everyday comfort and exceptional entertaining. Inside, an expansive open floor plan is adorned with engineered hardwood floors, exposed beams, and abundant natural light. The gourmet kitchen stands as the heart of the home, featuring premium Wolf appliances, a Sub-Zero refrigerator, upgraded quartz countertops, a spacious island, a second oven, and a sunlit breakfast area—ideal for the culinary enthusiast. The main level offers exceptional convenience with the primary suite plus two additional bedrooms connected by a shared bathroom. The primary suite provides a serene escape with a generous walk-in closet and a spa-inspired bath complete with a soaking tub and separate shower. From the primary bedroom, enjoy direct access to the patio, where peaceful views of the fenced backyard, golf course, and heated saltwater pool create the perfect backdrop for morning coffee or evening relaxation. The living space continues in the beautifully finished basement, which features an additional bedroom and full bathroom—ideal for guests or multigenerational living. This level also provides another spacious living area and ample storage, offering incredible versatility for entertainment, hobbies, or relaxation. Outdoor living feels like a private resort. The backyard overlooks the golf course and includes a stunning heated saltwater pool with an automatic cover, extensive hardscaping, and a gorgeous limestone patio. The screened-in patio with a cozy fireplace allows for year-round enjoyment and sweeping views of the pool and surrounding landscape. A full sprinkler system keeps the grounds lush and pristine. Situated on a meticulously landscaped 0.46-acre lot, the home offers both privacy and picturesque scenery. Enjoy walkable access to pickleball courts, playgrounds, and scenic walking trails. The Fawn Lake community delivers an unparalleled luxury lifestyle with a wealth of amenities, including 24-hour gated security, a recreational boating lake, sandy beach, community pool and clubhouse, the renowned Arnold Palmer golf course, tennis and pickleball courts, soccer and baseball fields, miles of nature trails, a dog park, marina, on-site restaurants, playgrounds, and a variety of clubs and activities for all ages. Every day here feels like a vacation. Whether hosting memorable gatherings or savoring moments of quiet luxury, this exceptional property offers the perfect blend of sophistication, comfort, and community.
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.
