With standout curb appeal, this Charleston Single-style home in The Ponds welcomes you with fresh interior paint, a brand-new HVAC system, all-new appliances, and the comforting sense that every detail has already been handled. In addition, the carpeting is in pristine condition, giving you a true move-in-ready experience from the moment you arrive. The seller is motivated and is offering $10,000 for the buyer to use however they choose--whether that's buying down the interest rate, offsetting closing costs, or tailoring the home to their needs. With cement plank siding, and a gracious front porch, this home blends classic Lowcountry charm with modern comfort. Inside, an inviting family room centers around a cozy fireplace--perfect for relaxing or welcoming guests. The open kitchen anddining area make everyday living effortless, with generous counter space, a spacious pantry, and a natural flow that suits both daily life and gatherings. Your screened-in porch overlooks a professionally landscaped, fenced backyard - your own quiet outdoor retreat. The detached two-car garage adds convenience while keeping the yard feeling open and airy. Upstairs, the primary suite offers two walk-in closets and a serene ensuite bath. A second bedroom also enjoys its own private bathroom. The third floor provides exceptional flexibility - ideal for guests, teens, a home office, or a creative studio - complete with a full bath and a walk-in attic offering abundant storage. This home truly delivers: thoughtful design, comfort, and functionality - all wrapped in the distinctive character of a community unlike anything else around. The Ponds stands out in a unique way compared with surrounding neighborhoods. While many nearby communities feel newer, more open, and less established, The Ponds is defined by its remarkable canopy of mature trees-towering oaks, shaded pathways, and preserved landscapes that create privacy, charm, and a sense of history you simply can't replicate. The result is a neighborhood that feels grounded, peaceful, and full of character. Miles of walking trails, quiet ponds, open green spaces, a resort-style saltwater pool, and an on-site YMCA support an active, connected lifestyle. At the heart of it all, a restored 1830s farmhouse hosts neighborhood gatherings and community events, adding even more depth to the sense of community here. Located within highly rated Dorchester District II schools and just minutes from historic downtown Summerville, The Ponds blends natural serenity with modern convenience - a haven for those who value quality, comfort, character, and a neighborhood that genuinely feels like home. Schedule your private 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.
