Priced Below Appraised Value.Welcome to luxury waterfront living at its finest—nestled on a private peninsula within an exclusive gated community, this stunning ranch-style home offers breathtaking lake views from most areas of the home. In addition, this home offers breathtaking mountain views. Designed with elegance and comfort in mind, the home features soaring 10-foot ceilings throughout most of the interior, 8 Foot Doors, enhanced by heavy crown molding, and rich bamboo flooring, tile and plush carpet. Natural light pours into the spacious layout, creating a warm yet refined atmosphere. The gourmet kitchen is a true centerpiece—complete with granite countertops, a large island with a gas cooktop, 42-inch soft-close cabinetry and a walk-in pantry—perfect for both everyday living and entertaining. Adjacent, a separate dining room provides the ideal setting for formal gatherings. Relax and unwind in the expansive sunroom or step out onto the screened-in porch or patio where serene lake and mountain views create a peaceful retreat. The spacious primary suite offers a luxurious escape with dual closets and a spa-inspired en-suite with wet room and dual vanities. Two Secondary bedrooms are generously sized, with sharing a large adjoining bath, thoughtfully positioned for convenience. A dedicated office with French Pocket doors. Additional highlights include a stylish half bath with elegant chandelier lighting, a well-appointed laundry room, and a wood-burning and gas fireplace with a blower for cozy evenings. This exceptional home blends luxury, functionality, and unmatched waterfront views—offering a lifestyle of comfort, privacy, and sophistication. Design and build your custom pier- already approved and ready to be tailored to your vision. Residents of The Springs enjoy premier lake access to High Rock Lake, along with a wealth of private community amenities including a clubhouse, outdoor pool, hot tub, tennis and pickleball courts, scenic walking trails, boat launch, community piers, boat and RV storage, picnic areas, and a peaceful pond. Discover more about this exceptional community at www.thespringsathighrock.org
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.
