OPEN HOUSE: SATURDAY 6/6, 11:00 AM - 1:00 PM. Stunning Lakefront Living in Carriage Lake — Completely Renovated Inside and Out. Welcome to this beautifully updated home in the sought-after Carriage Lake community, where breathtaking lake views and stunning sunsets greet you every evening from your screened-in porch. This move-in-ready gem has been meticulously renovated from top to bottom, leaving nothing for the new owners to do but move in and enjoy. Step inside to find all-new restoration laminate floors, a freshly painted interior, and plantation shutters throughout that add a touch of timeless elegance. The kitchen shines with quartz countertops and stainless steel appliances, including a brand-new refrigerator. New ceiling fans throughout the home keep things comfortable year-round. The master suite is a true retreat, featuring a completely remodeled bathroom with a zero-entry tiled shower, matching tiled floors, a new double vanity with quartz countertops, updated fixtures, lighting, and mirrors. The second bathroom has been equally transformed with a new vanity, quartz countertop, mirrored medicine cabinet, toilet, updated lighting, and tiled floors. A custom built-in in the spare bedroom adds both charm and functionality. The garage has been finished to impress, complete with epoxy flooring, a utility sink, a side garden door, and two ceiling fans — perfect for a workshop or extra living space. New exterior doors and all-new windows add to the home's curb appeal and energy efficiency, while aluminum hurricane panels provide peace of mind when storms roll in. Outside, enjoy a black aluminum fenced backyard, a full irrigation system, and a Sunsetter motorized retractable awning over the screened cage — ideal for entertaining or simply relaxing in the shade. An 8-camera security system and an invisible dog fence round out this home's impressive list of features. Carriage Lake is an established community of 150 homes offering a large pool and fitness facility, a bike lane, and serene lakeside views surrounded by protected wildlife. Located just off Highway 90 and only seven miles from the ocean, residents enjoy the best of both worlds — peaceful country living with easy access to beach attractions. The active homeowners association fosters a true sense of community through regular events where neighbors meet, connect, and take pride in the place they call home. Homes like this don't last long — schedule your private showing today and see for yourself why Carriage Lake is the perfect place to call home!
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.
