Experience refined lakefront living in this exceptional 3-bedroom, 3-bathroom custom pool home by Arthur Rutenberg Homes, located in the highly sought-after Lake Juliana Estates, 2020 Parade of Homes Community of the Year. Perfectly positioned on Lake Tennessee, a well-known destination for premier water-skiing featuring slalom courses and a jump, this property offers approximately 1.44 acres (inc. submerged land) and features 90 ft. of private dockage complete with a 6,000 lb. covered boat lift, delivering the ultimate waterfront lifestyle. From the moment you arrive, the home makes a lasting impression with its elegant stone façade, manicured landscaping, expansive paver driveway, and a three-car extra-length garage with an added golf cart door, providing ample space for vehicles, storage, and recreational equipment. A covered entry leads to a stunning double-door entrance with custom ironwork, opening to an interior where breathtaking lake views immediately take center stage. The main living areas are designed to impress, featuring 12-foot ceilings, hand-scraped hardwood flooring, detailed crown molding, and custom millwork. Oversized sliding pocket glass doors flood the space with natural light and seamlessly connect indoor and outdoor living. The open-concept layout allows the living room, dining area, and kitchen to flow effortlessly ideal for entertaining or everyday comfort. Step outside to the expansive paver pool deck and enjoy serene water views alongside the soothing sounds of the pool. The gourmet kitchen is both stylish and functional, offering granite countertops, custom Kitchen Craft cabinetry, a copper farmhouse sink, gas stainless steel appliances, dual-zone wine cooler, reverse osmosis system, and a spacious hidden pantry. The split-bedroom floor plan ensures privacy, with two bedrooms featuring its own en-suite bathroom and walk-in closet. The third bedroom is fully soundproof, perfect for a media room or studio. A dedicated office with French doors and tray ceilings provides an ideal work-from-home space, while a versatile den/bonus room offers flexibility as a potential fourth bedroom. Plantation shutters are installed on the west-side bedrooms /rooms, enhancing energy efficiency & comfort from afternoon sun exposure. The owner’s suite is a private retreat, featuring tray ceilings, stunning lake views, direct pool access, and dual walk-in closets. The spa-like en-suite bath includes a custom copper soaking tub, oversized walk-in shower with dual shower heads, and dual vanities with ample space. Outdoor living is equally impressive, featuring a heated saltwater pool with an integrated jacuzzi, a variable speed pump, and an inviting outdoor living room complete with a gas fireplace—perfect for year-round entertaining while enjoying tranquil lake views. The fully fenced backyard includes pet access, while the property’s direct lake frontage offers an extended dock system and covered boat lift, ideal for enjoying one of the area’s premier watersports lakes. Highlights include a 500-gallon underground propane tank supporting the home’s gas features, along with energy-efficient upgrades such as R-30 insulation, radiant barrier roofing, a smart temperature control system, and a tankless gas water heater. This meticulously maintained, move-in ready home presents a rare opportunity to own a premier lakefront property with acreage, privacy, and luxury finishes in one of the most desirable gated communities.
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.
