Set on a beautiful 0.51-acre waterfront lot, this inviting property offers the chance to enjoy peaceful lake views and the serenity of waterfront living, along with exclusive access to the lake reserved for lakefront property owners. The spacious yard is a special highlight, featuring a variety of fruit-bearing trees and shrubs including apple, pear, pomegranate, fig, citrus, and blueberry, creating a beautiful setting and the opportunity to enjoy fresh fruit throughout the seasons. Outdoor living is easy here with a welcoming covered front porch, a rear deck perfect for relaxing or entertaining, and plenty of room to spread out on the generous lot. Inside, the home offers three bedrooms and two bathrooms, with the master suite situated apart from the spare bedrooms. The large living room features a vaulted ceiling with wood-beam accents that add warmth and character, while the formal dining room is currently used as a recreation space and can easily adapt to your needs. The eat-in kitchen provides a cozy place for everyday meals, and newer laminate flooring runs through several areas of the home. A fireplace with a wood-burning stove insert provides a cozy focal point and is capable of helping heat the entire home during colder months. Additional features include an unfinished attic space of approximately 300 square feet that offers excellent storage or the potential for future living space expansion, along with a two-car garage, with the seller offering a credit toward new garage doors. The neighborhood adds even more appeal with amenities just around the corner, including a community playground, large covered pavilion, and clubhouse, creating great spaces for gatherings, recreation, and connecting with neighbors. Don't miss this rare opportunity for waterfront living and your own slice of heaven! ~ Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
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.
