Welcome Home! Step into this beautifully designed home located in Waterside at The Lakes of Cane Bay Plantation, where modern style meets thoughtful functionality. Upon entry, you are welcomed by a private study with glass French doors and a formal dining room, setting the tone for the home's elegant yet practical layout. These spaces flow seamlessly into the open-concept first-floor living area, perfect for everyday living and entertaining. The stunning kitchen features crisp white cabinetry, white granite countertops, a classic white subway tile backsplash, stainless steel appliances, and an open layout ideal for hosting gatherings. The spacious living room is filled with natural light and overlooks a peaceful, wooded backyard, creating a warm and inviting retreat. This meticulouslymaintained 5-bedroom, 3.5-bath home offers thoughtful upgrades throughout, including ceiling fans in all bedrooms and on the patio, accent lighting, and a generously sized laundry room. Upstairs, a versatile loft provides the perfect space for movie nights, game days, or additional entertaining. The primary suite is filled with natural light and features an elegant tray ceiling and a beautifully appointed en suite bathroom with a glass walk-in shower with seating and a spacious walk-in closet. Three additional guest bedrooms and two full guest bathrooms are located just down the hall, offering comfort and privacy for family and visitors alike. Outdoor living is equally impressive, featuring a screened-in porch and an extended paver patio, ideal for relaxing or hosting gatherings. The exterior is enhanced by tasteful landscaping, privacy fencing, and a spacious wooded lot that adds both charm and seclusion. Residents of Waterside enjoy access to exceptional amenities, including a resort-style pool, play park, access to the 350-acre lake system, a community boat ramp, and miles of scenic wooded walking and jogging trails. Conveniently located near the Cane Bay YMCA, Publix, top-rated schools, dining, shopping, and everyday essentials, this home offers more than just a place to live, it offers a true Lowcountry 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.
