Lakefront living reimagined to fit your needs for a lifetime! ...Don't miss out on this rare opportunity to own a beautiful over 2000+sq ft custom built lake home on a private cul-de-sac overlooking the water. This lot is one of the larger lots on the lake with over 220Ft of Lakefront with its own personal dock! PLUS, this home is like new- less than 5 years old! This ranch style home is already handicap equipped to fit your needs and retire to these amazing views. This thoughtfully designed home features a large foyer and living room area with open views to the water so you can sit and enjoy your coffee inside or outside while watching the sunrise over the water. The kitchen has lots of storage space with a butlers pantry, luxury vinyl tile flooring, beautiful quartz countertops, as well as backlit cabinet lighting, and a custom backsplash design. All the bedrooms are good sizes with built in closet shelving. And the oversized primary bedroom ensuite that has wonderful Waterview, a balcony area, and easily room for a sitting room or office area too. The primary bathroom has luxury vinyl tile floors, quartz counters, walk in tile shower, and a large walk in closet with custom built ins. The utility room is designed as a multifunctional laundry room with utility sink, and added storage cabinets and countertop space. There is an extended covered back porch perfect for enjoying not only lake views but also the wildlife and the many species of local and migratory birds including bald eagles and osprey that visit the lake. There are steps leading down to the water and private dock where there is great fishing and room for small boats. In addition, the backyard is fully landscaped & there is a whole yard irrigation system that feeds off the lake to keep your grass looking pristine. The extended oversized garage has room for anything you can imagine with a Sauna and/or hot tub hook up area, its own outdoor shower, gym space, three bays, and room for your golf cart or tractor. Plus, the whole house is handicap equipped with 4' wide hallways, 3' wide doors, pocket doors, and a concrete wheelchair ramp in the garage so you can truly make this your forever home. Paved driveway on cul-de-sac lot and storage shed (last section of the road is set to be paved this year by the community). Lake Land'Or is a wonderful private gated lake community with tons of amenities for the family to enjoy such as a gym, clubhouse, archery range, basketball courts, lake access, playgrounds, pool, & so much more. This community is also easily accessible from I-95 or Rt 1. (2.58% assumable loan option could be explored for VA buyers as well) Come out and tour this house before its gone!
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.
