Welcome home to the lake! Experience true waterfront living in the sought-after Southlake community of Montclair. This home features private, deeded access to Lake Montclair, complete with a private dock and stairs, a rare amenity available to only a limited number of Montclair homes. This three-level residence offers over 3,400 square feet, 5 bedrooms, and 3.5 baths, all designed to maximize functionality, comfort, and water views. The main level features wide plank hardwood floors and a kitchen fully renovated in 2022 with custom cabinetry, quartz countertops, high-end appliances, and a custom copper range hood. The adjacent family room includes a gas fireplace and built-in cabinetry, while the laundry and mudroom add everyday convenience. Upstairs, you'll find four generously sized bedrooms, including a primary suite with large windows oriented toward the expansive lake views, built-in shelving, dual closets (including one walk-in with custom shelving), and a spa-like bath with soaking tub and double vanity. The lower-level walks out through French doors to the lake and features a fifth bedroom, full bath, and a recreation room with custom shelving. Outdoor living is a highlight, with a large, screened porch and three-tier deck overlooking the water. Recent updates include a new roof, interior paint, and all new carpet (2026), plus major systems updates for peace of mind: high-efficiency HVAC system (2025), 50-gallon water heater and whole-house humidifier (2022), all new kitchen appliances (2021-2023). The triple decks were fully refurbished in 2025, and the driveway has been widened for additional parking. Convenient to Quantico, Fort Belvoir, the Pentagon, and Washington, DC, with easy access to commuter bus routes/lots, shopping, and dining. Zoned for the highly sought-after Ashland, Benton, and Forest Park school pyramid. The home is ideally situated at the quieter end of the lake, offering expansive water views and frequent wildlife sightings that enhance the sense of peaceful waterfront living. Montclair’s exceptional amenities include a 109-acre stocked lake with multiple beaches, fishing piers, a boat ramp, and boat storage, along with playgrounds, ball fields, exercise stations, and a newly added dog park. Residents also have access to an 18-hole golf course and country club with optional memberships. At the top of the street, just a short walk from the home, the Southlake Recreation Association features a playground, open green space with a baseball field, basketball and volleyball courts, tennis courts, and a community pool complete with seating and picnic areas—providing a well-rounded lifestyle both on and off the water. This is more than a home; it’s a lifestyle on the lake.
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.
