EXCEPTIONAL MOUNTAIN, LAKE & GOLF COURSE VIEWS IN THE ORCHARD GOLF COMMUNITY "beautifully updated 6-bedroom/office/craft room," 4-bath Executive Home..." "meandering mountain stream wandering into Blue Ridge Lake".... "both spacious and inviting, with tall ceilings," "breathtaking golf course vistas". This home has undergone extensive remodeling, bringing the home into 2025 standards. The master bathroom was completely re-built from the studs outward in 2023. The original bathroom & all its components were removed, making way for a brand-new bathroom. New cabinets with soft-closing drawers & doors and with a 10' full-length Quartz counter top with integral lavatories was built-in. Above the counter top is a single 10'x4' mirror edged with stainless steel with lighting provided by 3 designer light fixtures. A large walk-in shower opens with a heavy glass door featuring large wall tiles & a floor with river-rock pebbles. A designer "slipper-style" bathtub was chosen to fit between the walls featuring ship-lap siding, shelving, built-in electric fireplace & topped by an arched palladium window. New flooring is luxury vinyl plank throughout the new bathroom & new closet area. The closet is custom designed featuring numerous built-in shelves, double & single closet rods & bright-painted sheetrock walls. The water closet space has a built-in cabinet above the water closet & a new 1.28gpf commode. The kitchen was completely re-built from the studs outward in 2023. The original kitchen & all its components were removed & a brand new kitchen was designed and built, exceeding the standards of even new houses. The Shaker-style cabinets, painted white, were selected & each drawer and door has soft-closing hinges. Furniture-style footings were used for their effect. Included in the cabinets are a coffee garage, a full Lazy Susan corner & a 7' tall pantry unit with pull-out shelves. To further enhance the kitchen, Quartz counter tops were installed including the giant island cabinet & counter top, featuring extra cabinets on the back side of the island & an under-mount kitchen sink. All new Stainless Steel appliances are built-in, including Z-line convection microwave, self-clean oven, 6-burner gas Range top with full size vent hood above, Kitchen Aid dishwasher(extra quiet) & Kitchen Aid refrigerator with door ice & water dispensers. Both above-cabinet lighting and under-cabinet lighting is built-in, all on dimmer light switches. The extra tall ceiling in the kitchen tops off this culinary masterpiece, epitomizing "the kitchen is where everyone migrates to." This building site was selected early in the development of the Orchard as the original owner recognized the wonderful location as one of the best sites in the Orchard. And today that remains true as the views and vistas of the fairways & mountains show off each morning & evening as the sun rises & sets across this valley. Outdoor living is elevated with multiple covered porches, tall balconies & a screened-in retreat complete with outdoor fireplace, tv area & hot tub, perfect for year-round enjoyment. The terrace level offers more versatile living spaces. Included is a very large guest suite, or 2nd master bedroom, with a recently remodeled bathroom, featuring two pedestal sinks, large shower space, designer paint and a new 1.28 gpf commode. A spacious media room with a 75" flat-screen tv & a custom-built wooden bar & large mirror anchors this living area which also includes a very large exercise/game room. Two more bedrooms or craft room share a bath with tub & new 1.28 gpf commode. Set on two beautiful lots totaling 1.93 acres & boasting over 300' of golf course frontage, the house site is beautifully landscaped & the adjoining site has remained natural, with mature trees, native mountain laurel & vibrant perennials. Other outside highlights are guest parking area, a hardscaped motor court & garage floor. The garage is extra large, for 2 cars & a golf cart.
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.
