**Turn-Key Living Designed for Busy Professionals** **Resort-Style Amenities** **WFH-Friendly Layout**Welcome to 147 Wappoo Trace Ln, a thoughtfully upgraded, move-in-ready home built for buyers who want space, structure, and predictability without the maintenance concerns or surprises that come with older construction. This is the kind of home you purchase once and comfortably settle into for years.From the moment you step inside, it is clear this home was designed with function and long-term livability in mind. Durable luxury vinyl plank flooring runs throughout the main level, while a custom Closets by Design entry creates an organized landing zone for busy mornings. A private half bath is tucked away from the main living space, offering everyday convenience for both residentsand guests. The open-concept great room provides generous space to relax, entertain, or unwind at the end of the day. Whisper-quiet DC ceiling fans and a gas fireplace create a comfortable and energy-efficient environment year-round. Overlooking the living area, the bright white kitchen is built for real life and features a 5-burner gas cooktop, dual wall ovens, 42-inch birch cabinetry, a dedicated coffee and prep station, and abundant storage to support daily routines. Indoor living flows seamlessly to the outdoor spaces, where two distinct areas are designed for year-round enjoyment. The fully screened-in porch offers a shaded retreat, while the expansive full-width patio provides ample room for gathering, grilling, or relaxing. A SunPro motorized retractable awning with Sunbrella fabric, automatic wind sensor, remote control, and integrated LED lighting ensures comfort across every season. Upstairs, a central loft-style living area creates flexible space for a home office, media room, or second lounge. The spacious primary suite serves as a true retreat and includes a spa-inspired en-suite bath with raised-height counters and cultured marble finishes. Two additional bedrooms and a full hallway bath complete the second level, creating a layout well suited for families, guests, or work-from-home needs. Located in the highly sought-after Jasmine Point section of Cane Bay, residents enjoy access to an expansive 300-acre lake system with electric boat, kayak, and paddleboard access, as well as walking and biking trails, fishing areas, a lakeside pavilion, and a nearby resort-style pool. The golf-cart-friendly neighborhood offers quick access to Cane Bay shopping, the YMCA, library, and schools, with I-26, Nexton, and historic Downtown Summerville only minutes away. Whether you are a professional relocating, a military buyer seeking a smooth transition, or a household ready to upgrade into a home that simply works, this property delivers comfort, efficiency, and peace of mind in one of Summerville's most established master-planned communities. Schedule your showing today and experience low-maintenance, intentional living at its best.
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.
