Located in the highly desirable Village of Lake Park community, this beautifully updated home offers the perfect blend of comfort, style, and modern living with convenient access to local amenities and a vibrant small-town atmosphere. Step inside to find bright, inviting living spaces designed for both everyday living and entertaining. Formal living and dining rooms are elegantly divided by decorative pillars, while the dining room is enhanced with classic wainscoting for added charm and character. The main-level bedroom/office features a closet and direct access to a full bathroom, which is also conveniently accessible from the hallway. The breakfast area includes updated lighting and overlooks the beautifully renovated chef’s kitchen, sure to impress with new cabinetry, granite countertops, stainless steel KitchenAid appliances (refrigerator excluded), a large center island with breakfast bar seating, convection microwave, gas cooktop with electric/convection oven, and a baking drawer. The spacious, sun-filled family room features a cozy double-sided fireplace shared with the bright sunroom and two sets of French doors leading into the space. The sunroom offers two skylights for abundant natural light and direct access to the deck, creating the perfect place to relax or entertain guests. Outside, the fully fenced backyard is level and provides a clean canvas for creating your dream outdoor living space. Upstairs, the large primary suite features a tray ceiling and ceiling fan/light combination. The renovated ensuite bathroom includes an oversized glass shower and a deep soaking tub. Also included are dual sinks, and ample cabinetry. Secondary bedrooms are spacious and bright. The largest secondary bedroom features two closets and a custom one-of-a-kind “starry night” painted ceiling fan/light fixture. Additional features include wood laminate flooring throughout and an irrigation system that conveys as-is, as the seller has never used it. Residents of the charming Village of Lake Park enjoy incredible amenities including a community center with pools, tennis courts, pickleball, basketball, volleyball, playgrounds, and more. The Town Center offers restaurants, a veterinarian, pediatrician office, CPAs, financial services, massage services, and other local businesses. The Village is also known for its thirteen lakes and ponds, scenic walking paths, abundant wildlife, and beloved annual traditions including the Lake Park Kite Festival, community yard sales, holiday celebrations, Fall Festival, Movies in the Park, and Food Truck Fridays. Conveniently located near shopping, dining, and major highways — and zoned for award-winning Union County schools — this home offers both exceptional lifestyle and location. Don’t miss your opportunity to call Lake Park home!
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.
