Step into a home that blends modern design with everyday comfort, perfectly situated in the highly desirable community of Lake Clarke Shores. From the moment you arrive, the wide frontage and circular driveway create a welcoming first impression with ample space for family and guests. Enjoy an open layout with lots of natural light and a clean, modern feel, fully updated kitchen featuring bold contemporary cabinetry, expansive quartz countertops, and a large island, ideal for entertaining, casual meals, or gathering with loved ones. Clean lines and high-end appliances make it as functional as it is eye-catching. The living spaces are designed for both relaxation and connection, with an elegant media wall that creates a true focal point for movie nights or quiet evenings at home. Large windows and soft, neutral tones throughout give the home a bright, calming feel, while the spacious layout offers flexibility for your lifestyle. There's ample yard space for a pool, outdoor kitchen, or garden retreat, all framed by mature greenery for added privacy. Recent updates include a new built-in convection microwave, 2026 garage door motor, 2023 A/C, 2017 roof, and 2017 tankless water heater. Beyond the home itself, what truly sets this property apart is its location. Lake Clarke Shores is known for its peaceful, family-oriented environment, where neighbors connect, streets are quiet, and outdoor living is part of daily life. For boating and water enthusiasts, you'll love the convenient access to the Lake Clarke Shores Public Boat Ramp, just about 0.8 miles away, only 2-3 minutes by car or a quick 10-minute bike ride. Enjoy easy access to the lake with dock facilities, making it effortless to spend weekends on the water, kayaking, fishing, or simply unwinding by the shoreline. There's ample yard space for a pool, outdoor kitchen, or garden retreat, all framed by mature greenery for added privacy. This home is perfect for buyers who appreciate modern style, open-concept living, and the unmatched lifestyle that comes with living in a welcoming waterfront community.
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.
