Welcome to this beautifully refreshed log home nestled within the gated lake community of Lake Land Or — where peaceful homestead living meets everyday convenience. Surrounded by mature trees and thoughtfully updated throughout, this charming home offers over 1,500 square feet of warm character, modern comfort, and functional outdoor living. Inside, you’ll immediately notice the rich tongue-and-groove pine walls that bring warmth and rustic elegance to the space. The home has been extensively updated with all new luxury vinyl plank flooring, new carpet, and fresh paint throughout — including the walls, ceilings, doors, and closets — creating a clean, move-in-ready interior. The kitchen features stainless steel appliances and a stunning oversized bay window that fills the space with natural light and creates the perfect setting for morning coffee or casual dining. Offering three bedrooms, two full bathrooms, and one half-bath, the layout balances comfort and practicality. Additional updates include freshly painted exterior soffit, fascia, window trim, and door trim, along with an encapsulated crawlspace for added peace of mind. Outside, the property truly shines for those seeking a retreat homestead lifestyle that offers peace. The expansive backyard backs to trees for privacy and serenity, while the large front yard sets the home comfortably back from the street. Enjoy outdoor living from the spacious front porch, ideal for relaxing evenings and quiet mornings. The freshly seal coated driveway provides ample parking, and the property includes thoughtful extras such as a greenhouse, storage shed, planter boxes, clothesline, maturing grape plants, and a dedicated area for a chicken coop. Residents of Lake Land Or enjoy access to exceptional community amenities including lake access for kayaking and fishing, a boat ramp, basketball and tennis courts, an outdoor swimming pool, community center, playground/tot lot, and a covered lakeside picnic area. Conveniently located near schools and just minutes from Interstate 95 and Route 1, this home offers the rare opportunity to enjoy peaceful country-inspired living without sacrificing commuter accessibility. Whether you’re looking for a full-time residence, a weekend retreat, or a property that blends modern updates with homestead charm, this one-of-a-kind log home delivers.
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.
