An Extraordinary Offering of Elegance, Craftsmanship and Thoughtful Design! Set gracefully on 1.37 private acres overlooking the golf course in the prestigious gated community of Fawn Lake, this exceptional estate represents a rare blend of timeless architecture and extensive modern enhancement. With over 6,600 square feet of finished living space, 5 bedrooms, 5 full and 1 half baths, and a 3-car garage, this residence has been meticulously curated for both everyday living and grand-scale entertaining. From the moment you arrive, the home’s striking presence is unmistakable. A complete exterior transformation, featuring dual paver driveways, custom stonework, elegant columns, and a newly constructed front porch, sets the tone for the quality and care found throughout the property. Inside, sophisticated interiors unfold with refined finishes and thoughtful design. Italian tile spans the main and upper levels, complemented by plantation shutters and designer lighting. The main level showcases a seamless flow of living spaces, anchored by a gourmet kitchen with granite countertops, an expansive island, and sunlit breakfast area. The main-level primary suite is a private retreat, highlighted by a fully renovated spa-inspired bath and generous walk-in closets. Each additional bedroom offers comfort and privacy, while the fully finished lower level provides exceptional versatility, complete with a second kitchen, media room, recreation space, exercise room, and guest accommodations. Beyond its beauty, this home has been enhanced with a significant investment in infrastructure and long-term functionality. Comprehensive drainage systems, including French drains and buried downspouts, thoughtful grading, irrigation, and water management solutions ensure both durability and ease of maintenance. The outdoor living experience is equally impressive. Enjoy peaceful mornings and elegant evenings on the patio and porch, enhanced by a Sunsetter retractable awning and surrounded by beautifully designed landscaping overlooking the golf course. Located within Fawn Lake, residents enjoy access to an unparalleled array of amenities, including a private lake, marina, Arnold Palmer-designed golf course, clubhouse dining, resort-style pool, tennis and pickleball courts, and miles of scenic trails. This is more than a home, it is a lifestyle defined by elegance, comfort, and enduring quality.
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.
