One or more photo(s) has been virtually staged. Welcome to this beautifully designed 5-bedroom, 4.5-bathroom home—perfectly suited for large families and multi-generational living. From the moment you step inside, you'll appreciate the thoughtful layout and generous living spaces. The expansive kitchen is a dream for bakers and culinary enthusiasts, offering abundant prep space and storage for effortless entertaining. A main-floor bedroom with a private ensuite provides the ideal setup for guests or extended family members, ensuring comfort and convenience. Upstairs, a versatile loft offers endless possibilities—use it as a media room, home office, or play area. The primary suite is a true retreat, featuring a luxurious ensuite bath complete with dual vanities, a soaking tub, a walk-in shower, and a spacious walk-in closet. An additional upstairs bedroom also boasts its own ensuite, while two more bedrooms share a full bath—providing flexibility and privacy for every member of the household. The second-floor laundry room adds everyday convenience right where it's needed most. Located in the sought after, guard-gated Cory Lake Isles community, this home offers more than just comfort—it’s a lifestyle. Residents enjoy access to a resort-style pool with waterslide, lap lanes, and zero-entry area, as well as numerous playgrounds, tennis and basketball courts, a roller hockey rink, sand volleyball, and a soccer/football field. Fitness enthusiasts will love the on-site gym and cricket field. The community also features a scenic beach area, boat ramps, a community dock, and a vibrant beach club hosting events throughout the year. With dual gated entrances off Cross Creek Blvd and Morris Bridge Rd, Cory Lake Isles offers both security and convenience—making it the perfect place to call home for those who crave comfort, space, and an active, connected lifestyle.
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.
