Welcome to luxury lakeside living in Summerville's Premier 55+ Community of Four Seasons.This home is perfectly positioned on one of the community's most premium lakefront lots. The highly sought-after Lewes floorplan, sitting at nearly 2500 Sq Ft, offers breathtaking big-water views where you can watch waterfowl glide by from your porch, or launch your kayak right from your own backyard.From the moment you step into the foyer, you're greeted by 9-foot ceilings and gleaming hardwood floors, setting the tone for the exceptional craftsmanship throughout the home. Thoughtfully curated custom wainscoting, board & batten, and detailed millwork are featured in nearly every room, complemented by decorative custom lighting and remote-controlled ceiling fans throughout.This well-designed floorplan begins with a spacious office/den with double French doors to the right, while the left wing hosts a private guest wing with two generously sized guest rooms, both featuring custom accent walls, along with a shared full bath and a powder room. Down the guest wing, you'll find an oversized laundry room off the garage, complete with a custom drop zone, built-in cabinetry, and a new washer and dryer. A separate, dedicated work area or second office is thoughtfully tucked away, perfect for hobbies, organization, or additional workspace. The heart of the home opens to a truly stunning open-concept living space filled with upgrades. The gourmet kitchen features a massive quartz island, upgraded cabinetry, under-cabinet lighting, and WiFi-ready appliances, including a double oven with true European convection. An expanded pantry has been redesigned to double in size with custom floating shelving. The kitchen flows seamlessly into a spacious dining area, all framed by sweeping lake views. The elegant living room continues the custom touches with built-in cabinetry, intricate accent walls, and a gas fireplace that adds warmth and ambiance at the touch of a switch. The primary suite is a true retreat, offering a custom accent wall, a cozy sitting or reading area, and dual walk-in closets. The spa-inspired primary bath features a dual quartz vanity and an oversized, beautifully tiled walk-in shower. The grand finale is the outdoor living space. Enjoy morning coffee or evening sunsets from the screened-in porch with ceiling fan, perfectly sized for both dining and lounging, or step onto the extended patio equipped with a gas line for grilling. With one of the best lake views in the community, this backyard is ideal for fishing, relaxing, and soaking in the scenery. In Four Seasons you will never be bored, as this is the only Active Adult Community in the area that is built around a 300-acre lake with its own private boat dock. Other amazing amenities include an indoor and outdoor pool, fitness center, ballroom, dog park, bocce, pickleball, tennis courts, a kayak launch and so much more! There is also a packed monthly events calendar and Full-time Lifestyle Director. Once you move to the Four Seasons, you will never want to leave. Come experience the sweet life and unmatched lakeside living at 349 Tupelo Lake Drive. Up to $3500 Lender Credit available!
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.
