In a sea of similar builds, this one stands apart. Located in the established, lakefront community of Oak Harbor Estates on Eagle Mountain Lake, 1509 Sea Breeze Ln offers private neighborhood water access with boat ramp, fishing pier and park, paired with a level of custom finishes rarely found in homes built within the same era in the neighborhood. From the moment you enter, the architectural detailing sets the tone. Crown-wrapped window and door casings, 8-foot arched openings, stained beams accenting the tray ceiling and a floor-to-ceiling stone, woodburning fireplace elevate the main living space. Custom cabinets complemented by premium granite carried seamlessly from the kitchen to the baths and even the laundry room. Custom built-ins enhance both the dedicated office and the primary suite, adding character and functionality. Plantation shutters frame the front-facing windows for a refined finish. The split floorplan offers a private primary suite at the back overlooking the pool, two secondary bedrooms with a full bath on the opposite rear wing, and a fourth bedroom with a third full bath at the front of the home. An office with solid wood stained pocket doors is located just off the entry. The exterior continues the story of thoughtful upgrades and meticulous care. A widened driveway and new garage door enhance curb appeal, while the side-entry garage includes an EV plug for modern convenience. Out back, a covered patio overlooks a beautifully landscaped yard with a sparkling pool and lawn maintained under regular service. This is not just another Oak Harbor home. It is a craftsmanship-driven property with elevated selections throughout, offering a distinct level of quality in a highly desirable lakefront community.
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.
