You don't want to miss this amazing deal! This beautiful home includes a seperate half acre lot next to the home as an option for the buyer!Nestled within the gated community of the highly desirable Woodlake Country Club community, this stunning custom-built residence perfectly blends luxury, comfort, and timeless style. From the moment you arrive, the exceptional craftsmanship and prime location make an unforgettable impression.Step inside to discover a bright, flowing layout adorned with rich Brazilian hardwoods, plush carpeting, and classic tile. At the heart of the home is a gourmet chef's kitchen, beautifully appointed with premium granite countertops and a cozy breakfast nook--perfect for casual morning coffee or hosting lively gatherings. Transition seamlessly into the separate formal dining room for elegant entertaining, or retreat to the dedicated private office for a quiet work-from-home sanctuary.The expansive family room serves as a warm invitation to relax, anchored by a cozy gas fireplace. Just beyond, the main-level primary suite offers a true resort-style escape, featuring its own private gas fireplace, a deep whirlpool tub for unwinding, a double vanity, and an impressive walk-in closet.An elegant staircase guides you upstairs, offering a dramatic overlook into the vibrant living space below. The second level features three additional spacious bedrooms, providing plenty of comfort and privacy for family and guests alike.Complete with 4 bedrooms, 3.5 baths, and a spacious 2-car garage, this custom masterpiece delivers the perfect backdrop for your next chapter. Schedule your tour today and experience the unbeatable lifestyle of Woodlake!The Lake Resort Properties does not hold trust monies. Please make the earnest deposit with the buyer's attorney. Visit www.woodlakecountryclubnc.com for the latest info regarding the lake progress and membership opportunities. Sellers are not accepting VA Assumable Loans.
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.
