Welcome to Carnes Crossroads, where modern updates meet relaxed Lowcountry living in one of Summerville's most desirable communities. This barely lived in 4 bed, 3.5 bath Smart home boasts a plethora of post-build upgrades including lighting & ceiling fans, Smart home system w/ring cameras, wireless thermostats, a comms closet, custom primary closet, primary bidet, gas cooktop stove w/ss hood, extended driveway, outdoor patio, outdoor jacuzzi, privacy fencing, irrigation system, enhanced landscaping, gutters and a large level yard. Built just 3 years ago, this home also includes peace of mind with the remaining 10-year builder warranty. This Rutledge floor plan is Certified Energy Efficient. The peaceful primary located on the main floor includes a custom ensuite with a standing tub, walk-in shower, bidet and custom closet. The main floor also boasts an exceptionally large and welcoming kitchen and great room with a gas fireplace. The kitchen island and counters are quartz topped and overlook the dining & great room, screened porch and extended backyard patio, jacuzzi and two car detached garage. Upstairs you'll find an enormous loft flanked by a bedroom w/ensuite in the front and two additional rooms and hallway bath in the back. There are plenty of options for storage throughout the house. Established in a fully built-out section of Carnes Crossroads, you'll enjoy the quiet, lazy days of summer, and a super short walk to the local schools this fall. You'll also enjoy the many amenities offered in this gorgeous community. There are miles of scenic walking and biking trails, tree-lined streets, and thoughtfully designed green spaces. The community features two resort-style pools, including one by the Green Barn and a newly completed pool with a waterslide overlooking the lake. Owners also have access to a fitness center and a working community farm that produces fresh flowers, herbs, and vegetables - embracing the sought-after agrihood lifestyle. Convenience is unmatched with shopping, dining, and everyday essentials - including Publix - just a golf cart ride away. Plus, top-rated schools like Berkeley County Public Schools, Northwood Academy and Carolyn Lewis School are located right within the community. This home brings together comfort, quality, and timeless Charleston character. Schedule 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.
