Sun-drenched interiors, soaring ceilings, and tranquil lake views define this refined Lake Wylie retreat on 3+ sprawling acres. Thoughtfully designed for both grand entertaining and effortless everyday living, the residence combines warm natural finishes with a crisp, modern palette to create an inviting, move-in–ready sanctuary on the lake. A dramatic two-story great room anchors the main level, showcasing a floor-to-ceiling stone fireplace, rich wood-tone flooring, and an expansive wall of picture windows that frames the treetops and shimmering lake views beyond. Designer lighting and carefully curated fixtures lend character, while the soft, neutral palette lets your furnishings and art take center stage. The open layout transitions seamlessly into a chef’s kitchen featuring a large island, granite countertops, farmhouse sink, stainless appliances, abundant cabinetry, a light-filled breakfast area overlooking the lake, and an oversized pantry. Generous dining and living areas offer a sophisticated backdrop for holidays, game days, and intimate gatherings alike flowing outdoors to the large wooden deck. The main-level primary suite evokes a private spa, with a generous bedroom wrapped in windows, direct lake views, and a luxurious bath with dual vanities, freestanding soaking tub, and an impressive glass-enclosed shower. The primary closet offers exceptional storage and organization. A dedicated home office with barn doors creates a chic, quiet workspace bathed in natural light. A separate mud room and laundry room plus a stylish half bathroom for guests keep the main level beautifully organized and clutter-free. Upstairs an airy loft/playroom provides yet another relaxing gathering space, with open sightlines to the great room below and captivating lake views. Two spacious bedrooms share a well-appointed Jack-and-Jill bathroom and enjoy generous closets. The lower basement level extends the home’s livability with a large second family room and an additional bedroom perfect for a theatre, fitness studio, or private guest suite. The unfinished portion offers excellent storage and future potential, already plumbed for an additional bathroom or second kitchen. With walls of glass capturing lake and wooded views from nearly every main living area, this residence embodies the effortless, indoor-outdoor Lake Wylie luxury lifestyle—simply bring your guests and a desire for retreat. Enjoy nearby McDowell Nature Preserve, offering miles of scenic hiking trails, with convenient access to Shopton Road, Highway 160, and 49/South Tryon, as well as grocery, shopping, and dining at Rivergate. Marinas in the area provide both dry storage and wet slips, with Terry’s Marina and Love Cove Marina and Resort just a short golf cart ride or drive away. Newly paved road with no HOA.
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.
