Beautifully updated Woodland Lake home where you can enjoy morning coffees on the deck, afternoons spent boating and swimming, and winter evenings watching skaters glide across the ice. Step inside and you're immediately drawn to the views. The open main living area designed to keep the lake front and center, with windows framing the water from nearly every angle. Fresh, neutral finishes and luxury vinyl plank flooring create a clean, modern backdrop throughout. Beautifully updated kitchen features shaker-style cabinetry, quartz countertops, stainless steel appliances, chic tile backsplash, and breakfast bar seating. The kitchen flows naturally into the spacious dining and living areas, creating one large gathering space where family and friends will naturally gravitate after a day on the lake. A convenient main-floor laundry room and half bath add everyday functionality. Main-floor bedrooms share a beautifully maintained full bath, while the layout offers comfort and flexibility for both full-time living and weekend escapes. The lower level is flooded with natural light, with the family room features wall-to-wall lake views and a wood-burning fireplace with classic brick surround, creating an atmosphere that's equally inviting on summer evenings or snowy winter weekends. Just beyond, the screened-in porch becomes an extension of the living space—a peaceful spot to unwind after a day on the water while listening to the sounds of the lake. The spacious primary suite is tucked away for privacy and offers built-in cabinetry, an ensuite bath, and direct access to the patio through its own doorwall, allowing you to start and end every day with water views. Outside, a composite deck overlooks the lake, while the seawall, private dock, and boat lift make getting out on the water effortless. A storage shed keeps all your lake gear organized, and the oversized dry crawl space provides exceptional storage rarely found in waterfront homes. Schedule your showing 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.
