4322 Circle Dr Claremont, NC 28610
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About this home
Experience lake living at its finest on beautiful Lookout Shoals Lake. This waterfront home offers stunning sunrise views, deep water access year-round, and your own private slice of sandy beach. The dock is fully equipped with a boat lift, jet ski docks, built-in surround sound, and lighting — perfect for evening gatherings on the water. Designed for entertaining, the property features ample parking, a detached two-car garage or workshop, a covered carport, and easy access to a half bath directly from the lake. Inside, you'll find a cozy fireplace, a sunroom with sweeping lake views and a Murphy bed for extra guest sleeping, and a screened-in porch ideal for quiet mornings watching the sunrise or relaxing summer nights. There’s also a bonus room that can be used as an extra bedroom or office. Additional features include all kitchen appliances staying, a whole-home generator system for peace of mind, brand new HVAC, and thoughtful details throughout that blend comfort, functionality, and the unmatched beauty of Lookout Shoals Lake. Whether you're seeking a weekend getaway or a full-time lakeside retreat, this home offers it all. Home will be sold furnished — please contact the listing agent to confirm what will not stay. Property photos will be available 10/13.
Source: CANOPYMLS #4311309
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FAQs
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.
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