Behind the gates of Wando Point, where moss-draped oaks, waterfront homes, and quiet streets create one of Mount Pleasant's most private enclaves, a home awaits that captures everything people love about the Lowcountry. Life here revolves around the water. Reserved exclusively for residents, the community's private deepwater dock and boat slips make spontaneous sunset cruises, early morning fishing trips, and weekends on Charleston Harbor part of everyday life, not special occasions. Thoughtfully designed across three spacious levels, the home effortlessly balances sophisticated entertaining with comfortable everyday living.The entry level offers a private guest retreat with two generous bedrooms and a beautifully appointed full bath, creating the perfect space for visiting family, long-term guests, or multigenerational living. The main level is where the home truly comes alive. Rich Brazilian cherry hardwood floors, custom millwork, and light-filled living spaces create an atmosphere that feels both elegant and inviting. The custom kitchen anchors the home, flowing seamlessly into the formal dining room, intimate coffee nook, spacious living area, and dedicated office with an adjoining full bath. Just beyond, the screened porch becomes an extension of the living space, inviting long conversations, evening cocktails, and quiet mornings surrounded by the beauty of the Lowcountry. The top floor is reserved for relaxation. Two spacious guest bedrooms accompany an exceptional primary suite that feels more like a private retreat than simply a bedroom. Bathed in natural light, the suite offers oversized walk-in closets and a spa-inspired bath complete with a soaking tub, expansive custom shower, dual vanities, and the kind of thoughtful design that transforms everyday routines into moments of comfort. Every detail reflects great care, from hardwood and tile flooring throughout to plantation shutters, updated HVAC systems, a tankless water heater, an insulated attic, integrated security features, and an oversized three-car garage with abundant storage. Just minutes from downtown Charleston, Daniel Island, Isle of Palms, and Sullivan's Island, Wando Point offers something increasingly rare, a gated waterfront community where privacy, boating, and everyday luxury coexist effortlessly. Some homes offer beautiful finishes. This one offers a lifestyle that begins the moment you arrive home.
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.
