Priced below recent appraised value, 19 Buddy Lane is ready to welcome home its new owners! Located on a sought-after cul-de-sac, this beautifully maintained residence offers a rare combination of energy efficiency and major upgrades. Just minutes from beaches, top-rated schools, Watersound Town Center, restaurants, golf, and more, the home offers complete backyard privacy with peaceful forest views and exceptional outdoor living. A screened Florida room, grilling patio, and brick paver patio with firepit area are designed for year-round enjoyment. Standout features include hurricane-rated impact windows throughout, custom Sunburst plantation shutters, upgraded bathrooms and a paid-off solar energy system. Well-equipped for comfort, reliability and long-term savings, the home also includes a Tesla Powerwall whole-home battery backup, a whole-house water softener, reverse osmosis filtration system, and whole-house gutters. At 3,398 square feet, one of the largest homes in the neighborhood, this single-level 5-bedroom, 3-bathroom home includes a formal dining room, dedicated office, and a spacious sunroom that serves as an impressive entertainment area. Featuring a custom indoor bar, wine refrigerator, and beautiful wood wall and ceiling details, this unique space adds additional living and gathering space and is perfect for hosting family and friends. Durable wood-look porcelain tile flooring, updated lighting and ceiling fans, built-in office shelving, and designer touches create a warm and inviting atmosphere. The living room features a unique removable stage that offers flexible space for performances and celebrations or can easily be removed to fit your needs. The gourmet kitchen is designed for both style and functionality, featuring stainless steel appliances, range hood, and a new dishwasher and sink. A large kitchen island with granite countertops provides additional cabinet storage and valuable working space. Additional features include a huge walk-in pantry with shelving and a dedicated coffee station complete with its own waterspout for added convenience. One of the home's most desirable features is its thoughtfully designed three-wing floor plan. The private primary suite is tucked away in its own wing, creating a peaceful retreat with a spa-inspired walk-in shower, separate soaking tub and custom shelving in the walk-in closet. A separate wing offers two additional bedrooms with a shared bathroom, while a third wing includes two more bedrooms and another full bathroom. The first guest bathroom was upgraded with a spa-like walk-in shower, and the second guest bathroom offers a shower/tub combo. This rare layout provides exceptional privacy and flexibility for families, guests, home offices, or multigenerational living Additional highlights include a dedicated laundry room with sink and custom countertops, washer, dryer, and extra refrigerator included, attic storage with pull-down stairs, a whole-house irrigation system supplied by well water, two-car garage, ADT security system, Z-Wave smart home automation, smart garage door controls, and two fire/smoke sensors. Furniture is negotiable, making this incredible home even more move-in ready. Schedule a showing today!
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.
