Stunning 4-bedroom, 2.5-bath home featuring a primary suite on the main level, a private office with French doors, a HUGE bonus room, and a beautifully designed chef-inspired kitchen. As you approach, you are welcomed by exceptional curb appeal and a charming full front porchperfect for rocking chairs and enjoying the Lowcountry's beautiful weather. Upon entering, you are immediately struck by the handsome flooring, thoughtful details, and an abundance of natural light throughout. To the right, the office/flex room boasts elegant French doors, a tray ceiling, and a wall of windows that flood the space with sunlight. The impressive kitchen showcases a large island, gas range, stainless steel appliances, crisp white upper cabinetryincluding glass-front cabinets ideal for displayand a bright eat-in dining area. The open-concept kitchen flows seamlessly into the oversized family room, which features a gas log fireplace and a stylish painted statement wall. Just beyond is a sunroom that leads to the porch and a large, private, fenced backyardan ideal space for relaxing or entertaining. The stately primary bedroom is conveniently located on the main level and includes a spacious, well-organized walk-in closet. The spa-like ensuite bath offers a luxurious soaking tub, separate shower, dual-sink vanity, and built-in cabinetry for added storage. Completing the first floor is a generous laundry room, a half bath, and a two-car garage. Upstairs, a striking 8-foot glass-paneled door leads to the second level, where you'll find an expansive bonus roomperfect for a game room, media space, or additional living area. Three additional bedrooms, each with ample closet space, share a well-appointed full bathroom. Adding even more value and peace of mind, the sellers will prepay for the buyers to receive a NEW ROOF installed by Big Bear Roofing after closing. The seller is also offering a one-year Choice Home Warranty. This exceptional home truly has it all, thoughtfully designed for both comfortable everyday living and effortless entertaining.
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.
