Nestled within the serene enclave of The Laurels, this exquisite traditional Estate offers a harmonious blend of luxury and comfort, perfect for those seeking an elevated lifestyle. Spanning an impressive 14 acres, this property boasts 1500 feet of pristine pond frontage, providing a tranquil backdrop for relaxation and recreation. Step inside to discover a thoughtfully designed interior that exudes warmth and sophistication. The open floor plan seamlessly connects the living spaces, creating an inviting atmosphere ideal for both entertaining and everyday living. The heart of the home features a cozy fireplace, perfect for gathering around on chilly evenings. The main level includes a versatile Main Level In-Law Suite, catering to various lifestyle needs. Indulge in the spa-like bathrooms, where you can unwind in the soaking tub or enjoy the convenience of a walk-in shower. Each of the six spacious bedrooms is designed with comfort in mind, ensuring ample space for rest and rejuvenation. The air filter system enhances indoor air quality, promoting a healthy living environment. The gourmet kitchen is a chef's dream, equipped with high-end appliances including a built-in microwave, cooktop, dishwasher, and refrigerator. The dining area is perfectly positioned to enjoy views of the lush surroundings, making every meal a delightful experience. Major renovations are set to elevate this home further in 2026, ensuring modern amenities and finishes that cater to contemporary tastes while preserving the charm of its traditional architecture. The exterior, clad in durable vinyl siding, complements the picturesque landscape, while the attached garage provides convenient access and ample parking. Step outside to embrace the beauty of nature. The expansive lot offers endless possibilities for outdoor activities, whether it's a peaceful morning by the pond or hosting gatherings under the stars. The water features create a serene ambiance, inviting you to unwind and connect with the natural world. This property is not just a home; it's a lifestyle. With navigable water access and the tranquility of waterfront living, you can enjoy fishing, kayaking, or simply soaking in the beauty of your surroundings. Experience the perfect blend of luxury, comfort, and nature in this exceptional residence, where every detail has been curated for an unparalleled 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.
