Beautiful Abbeyville model perfectly positioned on a lagoon homesite in Del Webb Nexton! This 3 bedroom, 2 bathroom home complete with sunroom and screened-in porch is move in ready! As you enter the home, you will notice a defined foyer with charming archway complete with laminate flooring. Off the foyer, the second and third bedroom and bathroom are tucked away, providing your guests plenty of privacy. Leaving the foyer, a thoughtfully designed open concept floor plan. The kitchen is well appointed with upgraded light gray cabinets, granite countertops, tile backsplash, soft close cabinets and drawers, cabinet roll out trays, slide-in gas range, and French door refrigerator with bottom freezer. The kitchen also features a large counter height center island with pendant lights. The......dining area could be dressed up or down, it works as a formal dining room or eat in kitchen depending on your preference. From there, a light filled sunroom leads you outside to a screened-in lanai and patio with tranquil lagoon with fountain views. Back inside, laminate flooring continues throughout the main living areas with tile flooring located in the bathrooms and laundry room. A laundry room (washer and dryer conveys) with additional storage closet/extra pantry is conveniently located near the primary bedroom. The primary bedroom suite is tucked in the back corner of the home complete with dual sink vanity, framed mirrors, walk-in tile shower with built-in seat and large walk-in closet. Be part of the Charleston area's premier 55+ lifestyle community, Del Webb Nexton. Just a short golf cart ride to two grocery stores, restaurants, Pickleball bar, shopping, and so much more! Only five minutes to charming historic downtown Summerville and 25 minutes to Charleston! A 27,000 square foot amenities center with indoor and outdoor pools, sport courts, and fitness center, plus a full-time lifestyle director with clubs and planned community events. Skip the hassle of building and the additional move-in costs, this home has everything you're looking for in your retirement home. Please book your 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.
