Open House for this weekend cancelled to due inclement pending weather. Nestled in the serene enclave of Lakeview Woods, this exquisite Colonial-Contemporary residence offers a harmonious blend of luxury and comfort. Spanning 2,276 square feet, this home is designed for those who appreciate high-end living in a tranquil setting. Step inside to discover an inviting interior adorned with rich hardwood floors and elegant wainscoting that exude warmth and sophistication. The spacious family room, complete with a cozy gas fireplace, seamlessly connects to the gourmet kitchen, making it the perfect space for both entertaining and everyday living. The kitchen is a chef's dream, featuring stainless steel appliances, a built-in microwave, and a convenient eat-in area that invites casual dining. The formal dining room sets the stage for memorable gatherings, while the breakfast nook offers a sunlit spot for morning coffee. With four generously sized bedrooms, including a luxurious primary suite, this home provides ample space for relaxation. The primary bath is a true retreat, boasting a soaking tub, jetted tub, and a stall shower, ensuring a spa-like experience at home. Outdoor living is equally impressive, with a private cul-de-sac lot that spans nearly half an acre. The expansive deck is perfect for al fresco dining or simply unwinding in the hot tub, surrounded by lush landscaping that enhances the sense of seclusion. The property also features an established Koi Pond. The property also features an attached two-car garage large enough to fit a pick up truck or two cars and an asphalt driveway, providing convenience and ample parking for guests. Additional highlights include recessed lighting throughout, ceiling fans for comfort, and a main-floor laundry area for added convenience. Security is paramount, with exterior cameras ensuring peace of mind. This home is not just a residence; it's a lifestyle. Enjoy the tranquility of suburban living while being just moments away from local amenities. Experience the perfect blend of luxury, comfort, and privacy in this stunning Lakeview Woods home, where every detail has been thoughtfully curated for an exceptional living experience.
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.
