15 Acres with a Private 3.5-Acre Lake in North Crestview! Rare opportunity to own one of North Crestview's most unique waterfront estates! Nestled on 15 picturesque acres, this exceptional property features a private 3.5-acre lake and a spacious 3,008-square-foot, all-brick home with a durable metal roof. Offering 4 bedrooms, 3 full bathrooms, and multiple living spaces, this one-of-a-kind property combines peaceful country living with the convenience of being just minutes from shopping, dining, and schools. Designed to showcase the incredible lake views, the massive family room is surrounded by windows on three sides, filling the home with natural light and providing breathtaking waterfront scenery from nearly every angle. The newly renovated kitchen features butcher block countertops, shaker-style cabinetry, recessed lighting, a pantry, beautiful terrazzo flooring, and abundant workspace. Adjacent to the kitchen, the inviting living room offers a charming bay window, terrazzo floors, ceiling fan, and oversized windows overlooking the property. A cozy sitting room with a gas fireplace creates the perfect place to relax or entertain. The spacious indoor laundry room includes additional cabinetry and has the flexibility to serve as a butler's pantry or additional storage space. The primary suite is a true retreat, offering a double vanity, walk-in tub/shower, cedar-lined walk-in closet, and private screened porch with French doors overlooking the lake. Two additional bedrooms and a full guest bathroom are located on the opposite side of the main living area. A separate fourth bedroom with its own gas fireplace and private bathroom offers endless possibilities as a second primary suite, guest quarters, bonus room, or private home office. Outdoor living is where this property truly shines. Three separate screened porches wrap around the home, providing peaceful places to enjoy the water views. One screened porch even features a built-in hot tub that conveys with the property. The grounds are equally impressive. A circular driveway winds through mature trees leading to the home, while the cleared backyard provides easy access to the lake and spectacular panoramic views. Beyond the open lawn, the remaining acreage offers mature hardwoods, privacy, and room to explore. Additional improvements include: Workshop with power Fish house with power and water Multiple fishing and sitting docks Newly paved road access Low county taxes The fish house and docks could benefit from a little TLC, offering an excellent opportunity for the next owner to restore them and fully maximize this incredible waterfront retreat. Whether you're looking for a private family estate, recreational property, or peaceful country escape, opportunities like this rarely become available. Enjoy fishing, kayaking, wildlife watching, or simply relaxing while taking in the stunning lake views--all from your own backyard. Schedule your private showing today and experience this extraordinary waterfront property for yourself!
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.
