Welcome to 6010 Anchorage Quay-Lake Lanier living at its finest. Tucked within an exclusive 10-home enclave inside the gated St. Michaels Bay community, this beautifully renovated 6-bedroom, 4.5-bath estate offers an exceptional blend of elegance, comfort, and true lake lifestyle. Extensively updated in recent years, the home features new flooring, renovated bathrooms, and redesigned outdoor living spaces, including a new deck, patio, and professionally enhanced backyard. A rare highlight-your own deeded slip in the private 10-slip dock-is just a short walk or golf cart ride away, making lake days effortless. A welcoming rocking chair front porch leads into a light-filled foyer, where French doors open to a private office/den with custom built-ins. The formal dining room, accented with a bay window, crown molding, and wainscoting, is perfect for hosting gatherings. The dramatic two-story family room features a stacked-stone fireplace and a wall of windows that fill the space with natural light. The gourmet kitchen is designed for both everyday living and entertaining, showcasing a large granite island with wrap-around seating, double wall ovens, gas cooktop, walk-in pantry, coffee bar, and a bright breakfast room overlooking the backyard. A main-level guest suite with private bath offers flexibility for visitors or multi-generational living, along with a functional mudroom for everyday organization. Upstairs, an open balcony overlooks the main living area and leads to a spacious loft. The primary suite is a true retreat, featuring a tray ceiling, sitting area, and a fully remodeled spa-inspired bath with vaulted ceilings, frameless shower, soaking tub, dual granite vanities, and two walk-in closets, including a custom-designed dressing suite with center island. Three additional bedrooms complete the upper level, including a Jack-and-Jill bath and convenient upstairs laundry with sink and cabinetry. A fourth-level bonus space with half bath offers the perfect setting for a media room, game room, or private retreat. The fully finished terrace level is ideal for entertaining, featuring a granite wet bar with seating and wine fridge, recreation space, exercise room, guest bedroom, full bath, and additional living area. Step outside to enjoy the covered deck and patio overlooking a beautifully landscaped backyard, complete with lighting, fire pit, and natural privacy-backing to 10+ acres of protected Army Corps of Engineers land with direct access to Lake Lanier. Additional features include a three-car garage with EV charging station, extra parking pad, four HVAC systems (three recently replaced), whole-house water filtration, and a basement dehumidification system. Located in the East Forsyth school district, St. Michaels Bay offers resort-style amenities including tennis and pickleball courts, clubhouse, pool, playground, nature trails, and community dock. A rare opportunity to own a fully updated lake-access home with a deeded slip-schedule your private tour today.
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.
