Enhanced with quality updates that blend a timeless look- this beautifully reimagined home offers a rare combination of refined finishes, everyday livability, and an exceptional location within the established Salem Springs neighborhood. Situated on a quiet cul-de-sac in the highly sought-after East Lincoln School District, this property captures the character of a mature atmosphere with the conveniences today's buyers value most. Since purchasing the home, the owners have completed an extensive renovation that touches nearly every room. Improvements include all-new luxury vinyl plank flooring on the main level, fresh interior paint, completely renovated kitchen cabinetry, new kitchen tile backsplash, updated range hood, newer dishwasher and refrigerator (2025), stylish new lighting fixtures, new hardware, refreshed vanities in the primary and secondary main-floor bathrooms, complemented by a beautifully redesigned primary shower (2024), new carpet (2025), and a new water heater (2024). Every improvement was thoughtfully selected to create a cohesive, elevated interior while enhancing everyday functionality. Designed with flexibility in mind, the open-concept floor plan offers spacious main-level living with the primary suite privately situated on the first floor. The spa-inspired en-suite features dual vanities, a freestanding soaking tub, an oversized walk-in shower, and two dedicated closets—including a spacious walk-in closet—providing exceptional storage and organization. Adding to the home's appeal is a custom gated dog room tucked beneath the staircase, complete with lighting and an electrical outlet- a unique feature pet owners are sure to appreciate. Upstairs, the private bonus suite with a full bathroom provides the ideal space for guests, a home office, recreation room, or multi-generational living. The kitchen serves as the heart of the home, showcasing an oversized island with seating, granite countertops, abundant cabinetry, a walk-in pantry, and seamless flow into the dining and living areas—creating an ideal setting for both everyday living and hosting gatherings with your loved ones The outdoor living extends the home's living environment with a fenced backyard, where a decorative stone pathway leads to a custom fireside retreat accented by overhead café lighting and framed by mature trees- bringing a private backdrop for entertaining, relaxing, or enjoying time with family and friends. The detached 12' x 16' shed is equipped with electricity and a ceiling fan, offering exceptional versatility as a workshop, hobby space, studio, or additional storage. A conceptual pool rendering is coming soon to showcase the backyard's potential and help buyers envision the possibilities this outdoor space has to offer. Beyond the property itself, the location is equally impressive. Cambridge Village is just 2.3 miles away, home to Publix, dining, retail shopping, medical offices, and everyday conveniences. Golf enthusiasts will appreciate nearby Cowan's Ford Golf Club, while Lake Norman lovers can take advantage of Safe Harbor Westport Marina just 2.2 miles away. Quick access to the Highway 16 and 73 corridor places additional shopping, restaurants, healthcare, fitness centers, and commuter routes to Huntersville, Cornelius, Mooresville, Lincolnton, and Charlotte Douglas International Airport all within easy reach, making everyday errands and commuting remarkably convenient. Homes offering this level of intentional renovation, a well-balanced floor plan, and a location within one of Denver's most desirable communities rarely become available. 983 Jerry Lees Way is more than a beautifully updated home—it's an opportunity to experience the very best of Denver and the Lake Norman lifestyle.
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.
