Discover this lovely 4 bedroom, 3.5 bathroom home located inside the gated community of Seven Lakes South. This home offers beautiful golf course views on the first fairway of the Seven Lakes Golf Course. You will love the open floor plan with high ceilings creating an inviting atmosphere throughout the home; Features include LVP flooring, and a gourmet kitchen with a large center island. Enjoy panoramic golf course views from the master suite, complete with an artisan shower and a generous walk-in closet. Additional Bedrooms: Two well-appointed bedrooms on the main level, with a versatile upper-level bonus room/4th bedroom featuring a full bath—ideal as an office, playroom, or guest suite. Enjoy the outdoors while you relax on the covered front porch or on the rear screened-in porch with the golf course view. This home offers an additional garage space and garage door for a golf cart with a side entry and a concrete driveway. Residents of Seven Lakes North and South Landowners enjoy a wealth of amenities included in the HOA; access to lakes on the North side for boating (Sequoia Lake), fishing, an outdoor pool, playgrounds, tennis courts, and a clubhouse. There are community horse stables that offer horseback riding and scenic trails. Play golf on the Seven Lakes South Course with options for daily fees or membership. The location of this home is ideal offering quick access to the gate entrance/exit. You can walk or take a golf cart to the golf country club restaurant / bar and to the mail house. Make this your new home 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.
