Enjoy lakefront living with peaceful water views and unforgettable sunsets in this beautifully updated brick ranch located in the sought-after Carolina Trace community. Offering views of both the lake and the golf course, this home blends classic charm with modern updates for a warm and inviting feel. The living room features vaulted ceilings, exposed wood beams, and a striking solid brick wood-burning fireplace, creating the perfect setting for gathering and relaxing. The main level is designed for effortless living, with spacious bedrooms and baths, formal dining, laundry, and an oversized eat-in kitchen that serves as the heart of the home. Custom solid wood cabinetry, multiple pantries, an extended breakfast bar, and a second wood-burning fireplace add both function and character. Nearly every room opens to the expansive screened porch, offering seamless indoor-outdoor living with lake views. The fully finished walk-out lower level provides exceptional flexibility, featuring additional bedrooms, a handicap-accessible full bath, laundry, kitchenette, and comfortable living space with a private covered entrance, ideal for guests, multigenerational living, or a private retreat. Outdoor living truly sets this home apart, with direct lake access, an improved dock, over 1,300 square feet of deck and patio space, and a luxury hot tub spa for relaxing under the stars. Recent updates include a newer roof and gutters, concrete circular driveway, new sliding doors, fresh interior and exterior paint, renovated kitchens and baths, and accessibility enhancements. A one-year home warranty is included with an acceptable offer, making this a rare opportunity to enjoy comfort, beauty, and an exceptional lake lifestyle.
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.
