Step into your dream home in the coveted Lake Carolina neighborhood—this stunning 5-bedroom, 3.5 bath haven is waiting to welcome you. As you cross the covered front porch, you're greeted by fresh, neutral paint and openness, creating a crisp, inviting atmosphere. The main level draws you in with luxurious vinyl plank flooring, a spacious family room, and a gourmet kitchen complete with a tile backsplash, tile floors and pantry. Go through the sliding glass door into the covered screen porch for backyard entertainment and cooking. The main-level primary suite is a serene retreat, boasting a spa-like bath with gorgeous countertops, a garden tub, separate shower, water closet, and a walk-in closet. Upstairs, a vast, versatile great room awaits—ideal for a second family space, a game room, or a personal retreat. With four additional generously sized bedrooms and two more full baths upstairs, there's space for everyone. Outside, the private, fenced backyard with a screened porch is perfect for relaxing evenings. Discover more than just a home—experience a lifestyle in the highly sought-after Lake Carolina community. Nestled within a beautifully designed master-planned neighborhood, this property offers access to a vibrant, close-knit community where convenience and connection come naturally. At the heart of it all is the charming Town Square, where you'll find local shopping, inviting eateries, a seasonal farmers market, and a variety of small businesses that make everyday living both easy and enjoyable. with multiple unique subdivisions throughout Lake Carolina, this community truly offers an all-inclusive living experience tailored to a variety of lifestyles. Outdoor enthusiasts and active families will appreciate the abundance of amenities available. Enjoy afternoons on the lake with small engine boating, relax by the community pool, explore playgrounds, or take advantage of the golf offerings—all just moments from your doorstep. Plus, the nearby YMCA, only a short drive away, provides even more opportunities to stay active and engaged. Whether you're looking for recreation, convenience or a strong sense of community, Lake Carolina delivers it all. Disclaimer: C
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.
