Rare opportunity to own a meticulously upgraded 4-bedroom, 2-bathroom home on a premium cul-de-sac and POND lot in the GATED Lucaya Lake Club. This residence has been transformed by over $100,000 in professional improvements, headlined by a stunning $63,000 primary suite remodel (2024). This spa sanctuary features authentic Marble flooring, a high-end Schluter shower system, a modern standalone soaking tub, and a space-saving pocket door. The designer interior continues with elegant wainscoting throughout the hallway (2024) and a custom-built-in entertainment center in the Great Room (2024). The gourmet kitchen boasts durable quartz countertops, marble backsplash, a large center island, and refreshed cabinetry with new faces and hardware (2023). Stainless steel appliances, (refrigerator, microwave, dishwasher) have been replaced within the last two years for total peace of mind. Additional High-Value Upgrades: Flooring: Luxury vinyl flooring installed in all bedrooms (2020). Exterior & Infrastructure: New exterior paint (2021), seamless gutters (2020), and a professional French drain system by LRE Foundation Repair (2024). Outdoor Living: Fully fenced yard (2017) and an oversized screened patio overlooking the water. Maintenance: Driveway pavers professionally cleaned, sanded, and double-sealed (August 2025). Located in a natural gas community, Lucaya Lake Club offers a 78-acre lake, private beach, resort-style pool, and fitness center. This home combines "new construction" peace of mind with high-end custom finishes you won't find in a standard build. More than just a home, Lucaya Lake Club offers a vibrant, social lifestyle. Enjoy a full calendar of community events, including the annual Turkey Trot, 'Movies Under the Stars,' local vendor markets, Sunset Socials, and the festive Christmas Jeep/Golf Cart Parade. Whether you’re joining the Women's Club or playing a round of Bunco, you’ll feel right at home. This is your chance to join an exclusive community in one of the most desirable positions on the street. Don’t wait, schedule your private showing today!
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.
