Experience lake living in Appling with this extensively updated and well-maintained 4-bedroom, 3-bath brick home situated on approximately 1.2 acres, offering direct access to a serene cove on Clarks Hill Lake via Corps of Engineers property. Enjoy boating, fishing, and relaxing waterfront views from the large, deep-water, double-decker steel-frame dock with power and a swim platform, all nestled in a peaceful natural setting. Conveniently located near boat ramps, marinas, schools, grocery stores, dining, and everyday amenities. The property features mature trees, expansive outdoor space, a fully fenced front and back yard, tall privacy fencing, and a four-kennel setup on concrete with dedicated septic and water. Some upgrades/maintenance include 2025 architectural shingle roof, new hurricane-rated garage door, serviced deep-water well and HVAC system, newer upstairs subfloors, and 6-inch exterior walls providing added energy efficiency and durability. Covered and uncovered porches, a 12x14 metal roof gazebo, complete with wrought iron seating, offer multiple outdoor living spaces to fully enjoy the lake lifestyle and serene surroundings. Wonderful open concept floorplan awaits inside with Pergo WetProtect flooring upstairs, LVP flooring downstairs, two masonry fireplaces, including one with a wood stove insert. The custom kitchen is appointed with dove white KraftMaid cabinetry, leathered black granite countertops, a large white quartz island, premium smart LG Studio appliances, and a Kraus workstation sink. Bathrooms have been tastefully updated with porcelain tile flooring and bath surrounds, marble-top vanities, modern lighting, and updated mirrors. The primary suite includes an easy-access walk-in shower. The home also features crown molding, sliding barn-door closets with glass inserts, and 30” doors for accessibility. A standout feature is the spacious garage/workshop, approximately 33' x 34' with 12-foot ceilings, a built-in workbench, shelves, adjustable LED lighting, and an additional full bathroom with a shower that is not included in the home’s bath count. This exceptional waterfront property offers privacy, functionality, and modern upgrades, all while embracing a true lake lifestyle with room to expand. A one year 2-10 Home Warranty is included.
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.
