OPEN HOUSE SATURDAY 6/13 - 11AM to 2PM. Welcome to Waters Edge on beautiful Lake Keowee, where lake living meets character, comfort, and endless possibilities. This distinctive three-level home is nestled in one of the Upstate's most desirable lake communities, offering stunning water views, flexible living spaces, and access to a lifestyle that many only dream about. Sellers are motivated and ready to make a deal! From the moment you step inside, you'll notice this home embraces a bold and distinctive design aesthetic, featuring rich, darker tones that create warmth, personality, and an inviting atmosphere throughout. The first level showcases a stunning living room with soaring ceilings that make an immediate impression. Adjacent to the living room is a versatile flex space, perfect for enjoying your morning coffee, unwinding with a good book, or sharing a quiet evening drink. On the opposite side, you'll find a dedicated movie theater room, creating the ultimate setting for entertaining family and friends. A conveniently located bedroom and laundry room on this level add both functionality and flexibility for guests or multi-generational living. The second level serves as the heart of the home, featuring the kitchen, a sunroom filled with natural light, and beautiful views of Lake Keowee through expansive windows. Two additional bedrooms are also located on this level, offering comfortable accommodations for family and guests. Occupying the entire third floor, the private primary suite serves as your personal retreat. Wake each morning to sunlight streaming through the windows and enjoy peaceful Lake Keowee views right from your bedroom. Residents of Waters Edge enjoy the benefits of Lake Keowee living, including access to rentable boat docks and opportunities to purchase a dock, making it easy to get out on the water whenever the mood strikes. Whether you're searching for a primary residence for an established family or the perfect vacation getaway, this home offers the space, views, and lake lifestyle you've been looking for.
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.
