Welcome to 3201 Lakeview Parkway, a charming one-level home that offers comfort, character, and glimpses of the lake, all in a layout designed for easy everyday living. From the moment you arrive, the convenient carport provides covered parking and easy access through the kitchen side entrance, making unloading groceries or coming home on a rainy day a breeze. The carport also connects directly to the back deck, creating a seamless flow between indoor living and outdoor enjoyment. Inside, you’ll find beautiful hardwood floors running throughout most of the home, adding warmth and timeless appeal. At the heart of the home sits a cozy wood-burning fireplace, perfectly positioned to create an inviting gathering space for relaxing evenings or hosting friends and family. One of the home’s most special features is the formal dining room. Surrounded by eight windows, this bright and airy space is filled with natural light and offers peaceful lake views that make every meal feel a little more special. Whether you’re enjoying a quiet morning coffee or hosting a holiday dinner, this space truly shines. The kitchen is both functional and welcoming, featuring an island that provides extra prep space and casual seating. An open-style pantry with added shelving offers plenty of room for storage and organization, making it easy to keep everything within reach. This thoughtfully designed home includes three comfortable bedrooms and two full bathrooms. Stylish modern barn doors add a unique touch to both the hallway, bathroom, and the entry to the primary bedroom, blending character with contemporary style. The laundry room is conveniently located in the hallway, making day-to-day living simple and efficient. Step outside to the back deck, an ideal spot for grilling, relaxing, or enjoying the surrounding scenery. With its easy one-level living, inviting interior spaces, and charming lake-view touches, 3201 Lakeview Parkway offers a wonderful opportunity to enjoy comfort, style, and a peaceful setting all in one place. Nestled in a private, secure, gated community, Lake of the Woods is a paradise of possibilities. With two lakes, a golf course, an equestrian center, fire and rescue services, and even a church within its bounds, this community offers a diverse range of activities. From boating, water skiing, kayaking, and golfing to the simple joy of soaking in mesmerizing views from the clubhouse, deck, yard, or beaches, there's something for everyone. Engage your interests by joining over 60 clubs and organizations, or perhaps indulge in a game of bridge or contribute your talents as a volunteer. Lake of the Woods truly caters to your lifestyle. Located in Orange County, enjoy the added advantage of low real estate taxes. With home prices spanning from $300,000+ to over $1,800,000, Lake of the Woods is the ideal haven for both full-time residents and weekenders. Don't just take my word for it – come and see for yourself! Allow me to guide you through a tour of Lake of the Woods, showcasing the very essence of what makes this community so special. Experience firsthand the captivating charm of Lake of the Woods!
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.
