Welcome to your mountain-lake escape, where breathtaking, year-round views of Lake Hiawassee set the stage for an unforgettable lifestyle. Nestled in a vibrant golf cart-friendly community, this turnkey 2-bedroom, 2-bath retreat offers the perfect blend of relaxation, recreation, and investment potential. Designed with comfort and connection in mind, the home features an open-concept living space filled with natural light and framed by stunning lake and mountain vistas. A charming loft provides additional sleeping or lounging space, while the lower-level flex area offers endless possibilities-create a home office, game room, or cozy den to suit your needs. Step outside and enjoy the ease of a double carport and ample additional parking, making hosting family and friends effortless. After a day on the water or exploring the mountains, unwind on your deck and take in the peaceful surroundings. This amenity-rich community elevates your experience with a swimming pool, volleyball and tennis courts, pickleball, ping pong, and a welcoming clubhouse. Spend your days cruising by golf cart, enjoying the social atmosphere, or heading down to the marina-where boat rentals make lake days simple and spontaneous. Offered fully furnished and move-in ready, this home is ideal as a private getaway or a high-potential short-term rental. With views this stunning and amenities this abundant, the opportunity is truly unmatched. Come experience the best of lake and mountain living-where every day feels like a vacation.
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.
