Back on the market! Opportunity awaits at 301 Sturtons Lane—an exceptional home nestled on over 6 private, wooded acres in the heart of Lakeshore. A stately portico, and oversized driveway with parking for 10+ vehicles set the tone for this impressive, one-of-a-kind property. Step inside and move into the heart of the home: a beautifully remodeled chef’s kitchen outfitted with premium finishes, custom cabinetry, and top-of-the-line appliances, including a Wolf gas range. The layout is ideal for both everyday living and entertaining. Just beyond, the spacious great room invites you to relax or host in style. A central fireplace, full bar, and pool table create a warm and inviting atmosphere. Head down to the lower level, where you’ll find a show stopping custom home theater with tiered seating—perfect for movie nights or watching the big game. This level also includes a guest bedroom, bonus room and a dedicated laundry area. On the second floor, four generously sized bedrooms provide ample space. The primary suite features its own sitting area and a private balcony overlooking the pool—a peaceful escape just steps from your bed. On the main level, a screened-in porch opens to multiple deck areas, ideal for grilling, relaxing, or gardening. A hot tub spa sits on its own private deck, creating a quiet space to unwind. The expansive backyard also includes a sparkling in-ground pool, a professionally graded fire pit area, a whimsical playhouse for children, and a fenced chicken coop for those craving a touch of farm-to-table living —a blend of luxury and lifestyle. A short walk along one of two private trails brings you to a versatile detached, three bay utility building that takes this property to the next level. If you prefer to drive, exit the driveway and take a left and on your left pull into the 4+ parking lot to your private multi-use facility. It includes a fully equipped gym, sauna, lofted storage, and custom hoisting elevator. Whether you need space for a home-based business, studio, car collection, storage, landscaping or rental, this building adapts to your vision. The utility building has electricity only. Relax before the fire in your great room and plan your spring and summer enjoying your spa and pool on those lazy days in your own backyard. 301 Sturtons Lane is where privacy meets possibility. Make it your own.
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.
