A renewed opportunity to own this beautiful waterfront home in the highly desirable Harbor Hills community. If you missed it the first time, here's another chance to make this lakefront retreat your own. Nestled on a quiet court where golf and boating come together to create the perfect resort-style lifestyle, this charming 1991-built ranch offers 1,428 square feet of comfortable living with 2 bedrooms and 1.5 baths. Recent improvements add exceptional value and peace of mind, including a new metal roof, new hot water tank, and numerous electrical and plumbing upgrades, allowing you to spend more time enjoying the lake and less time worrying about maintenance. Boasting 120 feet of waterfront with a newer seawall, there's ample room for boats, jet skis, and endless days on the water. The home overlooks picturesque Maple Bay, where abundant wildlife and tranquil views provide a breathtaking backdrop throughout every season. Inside, the spacious great room is filled with natural light from expansive sliding glass doors that frame the waterfront and create a seamless connection to the outdoor living spaces. A wood-burning fireplace adds warmth and character, making the home equally inviting during cozy winter evenings as it is on sunny summer afternoons. The owner's bedroom also features sliding glass doors leading directly to the deck, where a private hot tub offers the perfect place to unwind while overlooking the bay. A large screened porch provides an ideal setting for morning coffee, evening cocktails, or entertaining family and friends while taking in panoramic water views. Outside, the fenced backyard is perfect for children and pets, while the oversized two-car garage and additional storage shed provide plenty of space for your golf cart, water toys, fishing gear, and all your lake-life essentials. Opportunities like this don't come around often. Combining recent updates, incredible waterfront views, and one of Harbor Hills' most desirable loca
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.