Welcome to your own slice of peaceful lakeside living. Tucked away on a quiet cul-de-sac, this beautifully updated 5-bedroom, 3 full bathroom home with a 2-car garage and a brand new roof offers views of Dramasei Lake right from your backyard. Step inside and feel the impact of soaring vaulted ceilings and a stunning floor-to-ceiling tile fireplace in the expansive great room. A full wall of brand-new sliding glass doors floods the space with natural light while perfectly framing serene lake views through the trees creating a seamless blend of indoor and outdoor living. The fully renovated eat-in kitchen is designed to impress, featuring brand new stainless steel appliances, quartz countertops, new cabinetry, and luxury vinyl plank flooring, with easy access to the laundry room and garage for everyday convenience. The primary suite offers a true retreat with a walk-in closet and a beautifully updated en suite bathroom complete with a walk-in shower, new tile flooring, modern vanity, and designer finishes. On the main level, you’ll also find two additional bedrooms and a full hall bathroom featuring an oversized vanity, tile flooring, and a bathtub with a stunning tile surround perfect for family or guests. Upstairs, a versatile loft space provides endless possibilities - home office, playroom, or cozy lounge—alongside a true fourth bedroom with a door, window, and heat source. Need even more flexibility? The private studio space above the garage with a full bathroom is ideal for multigenerational living, guest quarters, an au pair suite, or a dedicated home office. Step outside to your deck and start your mornings with coffee and nature views - you’ll feel like you’re on vacation every single day. This home truly checks every box; space, updates, location, and lifestyle. Don’t wait—homes on a cul-de-sac with lake views like this don’t last. 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.
