Charming Lakefront Retreat on 9.5 Acres - Private, Peaceful, and Move-In Ready! Experience serene country living on this stunning 9.5-acre property featuring a fully stocked lake with brim, bass, and catfish, and breathtaking water views from an expansive wraparound deck. Whether you're seeking quiet relaxation or the perfect space to entertain, this home delivers both beautifully. Step inside to a light-filled, open floor plan with brand-new flooring throughout. The spacious kitchen is designed for gathering, offering a new oven, center island, oversized breakfast area, enormous laundry room, and a separate pantry. The fireside family room is warm and inviting, complete with a butler's pantry/wet bar and seamless access to the deck ideal for indoor-outdoor entertaining. The luxurious owner's retreat is a true sanctuary, featuring its own fireplace, a large ensuite bath with separate tub and shower, double vanities, and generous his-and-her closets. Upstairs, you'll find three additional bedrooms, two full bathrooms, and ample closet space for family or guests. The terrace-level basement offers incredible versatility with a massive living area, home office, gym space, additional flex rooms, and abundant storage. Step outside to an oversized covered patio and uncovered patio that opens to the backyard and peaceful lake setting. The patio runs the width of the house! Outdoors, enjoy a large barn perfect for equipment or hobby storage, a charming garden area ready for flowers or vegetables, and a swing to take in the tranquil surroundings. This home is not only beautiful but exceptionally well-built, featuring reinforced construction with poured concrete walls, extensive rebar support, J-bolt anchoring, and durable exterior framing. The lake is thoughtfully maintained with a siphoning system that regulates water levels and protects the property. With new windows installed throughout most of the home in 2018 and a location just minutes from schools, shopping, dining, and major retail, this property offers the perfect blend of privacy and convenience. A rare opportunity to own a one-of-a-kind lakefront retreat! Don't miss it! No AI here...just true photos of this amazing property! All public records reflect only 1.5 acres, but this is a full 9.5 acre property. Seller has the deed to prove.
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.
