Don’t miss this beautifully updated coastal-style home in the highly desirable Loch Haven community. Thoughtfully renovated from top to bottom, this home offers the perfect blend of charm, comfort, and modern upgrades. From the moment you arrive, the curb appeal stands out with its attractive siding and stone façade, white picket fence, and inviting front porch. Step inside to a light-filled interior with a fresh coastal feel and stylish finishes throughout. The fully renovated kitchen is a showstopper, featuring crisp white soft-close cabinetry, granite countertops, stainless steel appliances including a 6-burner gas cooktop, under- and upper-cabinet lighting, and a separate bar/serving area. With ample space for a dining table, it’s ideal for both everyday living and effortless entertaining. The stunning great room addition boasts soaring ceilings, a cozy fireplace, and doors that open to an expansive paver patio, perfect for indoor-outdoor living. The main level also offers a versatile living room that can serve as a sitting area, library, or playroom, along with a flexible bonus space ideal for a home office or potential additional bedroom. A beautifully updated powder room and convenient laundry room complete this level. Upstairs, the spacious primary suite features cathedral ceilings and a fully renovated spa-like bathroom with a double vanity, granite countertops, oversized shower, and elegant tile work. The custom walk-in closet by California Closets adds both style and function. Two additional generously sized bedrooms and an updated hall bath complete the upper level. Major systems have been recently updated, including the roof, HVAC, water heater, and windows, offering peace of mind and long-term value. Situated on one of the highest lots in the neighborhood, this home offers a wonderful sense of space along with peek-a-boo water views. The outdoor space is just as impressive, with extensive hardscaping, a large shed, and a fully fenced backyard, perfect for relaxing or entertaining. Located just a short stroll from Loch Haven’s sought-after amenities, including a sandy beach, marina, boat ramp, kayak storage, tot lot, tennis and basketball courts, and a vibrant calendar of community events. Enjoy the best of the water lifestyle in this move-in ready home—this is one you won’t want to miss.
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.
