RARE MAIN LAKE WATERFRONT OPPORTUNITY IN CAROLINA LAKES! Welcome to your dream home in the highly sought-after gated community of Carolina Lakes, where resort-style living meets everyday comfort. Perfectly positioned on the main lake with your own boat slip, this stunning property offers breathtaking views, unmatched outdoor living, and the ultimate lake lifestyle buyers are searching for. This beautifully maintained home features 4 bedrooms, 3 full baths, 2 half baths, and a spacious bonus room, with the added advantage of two primary suites--ideal for multi-generational living or hosting guests. The main primary suite boasts a private sitting area and spectacular lake views, creating a peaceful retreat you'll never want to leave. Inside, you'll appreciate the new flooring on the main level, enhancing both style and functionality while adding to the home's move-in-ready appeal. Designed for entertaining, the home showcases three expansive decks, including a large back deck overlooking the water, perfect for gatherings, sunset dinners, or simply relaxing and enjoying the serene setting. Step out to your private boat slip and enjoy effortless access to evening cruises and lake days right from your backyard. Major updates provide peace of mind, including a new roof, encapsulated crawlspace, and updated HVAC systems (downstairs new, upstairs approx. 3 years old), making this home truly move-in ready. Carolina Lakes offers an abundance of amenities, community events, and a welcoming atmosphere, making it one of the most desirable places to live in the area. Waterfront homes on the main lake with this level of space, updates, and lifestyle rarely become available--schedule your showing today before it's 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.
