This One Has It All! A rare opportunity in the highly sought-after Mary Person's School District! This 4-sided brick home on 2.66 private acres blends elegance, comfort, and stunning lake views into the perfect retreat. With brand new carpet upstairs and refinished hardwoods downstairs, this home is move-in ready and filled with upgrades that add instant value. Inside, you'll find 4 bedrooms, 3.5 baths, and a layout designed for both everyday living and entertaining. The open-concept kitchen is equipped with granite countertops, stainless steel appliances, a spacious island, and abundant cabinetry. Three fireplaces add warmth and charm throughout. The oversized master suite delivers a spa-like experience with dual sinks, soaking tub, separate shower, and a generous walk-in closet. Secondary bedrooms feature ample storage and a Jack-and-Jill bathroom for convenience. Need space to work or create? The bonus room is ready for your home office with high-speed internet. The fully finished basement adds even more flexibility - complete with a private entrance, full bath, kitchenette, built-in bar, and additional living space. Perfect for an in-law suite, extended family, or entertainment zone. Step outside to your backyard oasis featuring an in-ground saltwater pool, a new covered gazebo with ceiling fan, and a furnished patio ideal for summer nights. For storage or projects, you'll love the 47'x14' wired boat garage/workshop, 10'x12' lofted storage shed, and oversized two-car garage. And the extras? This home comes with an Outdoor Equipment Package including a John Deere X330 Lawn Tractor, 25-ton log splitter - the ultimate yard maintenance setup. This is more than just a house. It's a lifestyle, and it's move-in ready today. Take the virtual tour now, then call to schedule your private showing before this Harbour Shores gem is gone!
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.
