Welcome to Spring Lake's hidden gem at 126 Shining Water Lane -- a beautifully crafted custom home tucked inside the highly desirable Anderson Creek community. Offering over 2,900 square feet of thoughtfully designed living space, this 5-bedroom, 3-bath residence blends elegance, comfort, and functionality in every detail. Step inside to soaring ceilings, rich hardwood floors throughout (no carpet), and an open-concept layout filled with natural light. The gourmet kitchen features custom cabinetry, generous prep space, and seamless flow into the main living and dining areas -- perfect for entertaining or everyday living. The spacious primary suite serves as a private retreat with a spa-inspired glamour bath, while built-in closet organizers throughout the home add both luxury and convenience. Outside, the lifestyle truly shines. Backing to a peaceful wooded park area with pond views, the backyard was designed for unforgettable gatherings with natural stone hardscaping, a custom built-in barbecue grill, and a cozy fire pit ideal for relaxing evenings under the stars. Additional highlights include a mud nook, oversized side load double garage, floored attic storage, and timeless architectural details throughout. Located just minutes from Fort Bragg, golf, dining, and community amenities, this exceptional home offers the perfect balance of privacy, sophistication, and everyday convenience. As an Anderson Creek Club homeowner, you will have access to an incredible list of on-site amenities including state-of-the-art fitness centers, water sports, fishing, nature trails, outdoor sports facilities and family-dining opportunities. Homes with this level of craftsmanship and outdoor living rarely become available -- don't miss the opportunity to make 126 Shining Water Lane your forever home. Welcome Home!
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.
