With an amazing James Island location in the wonderful community of Sea Aire, this move-in ready home offers desirable features while placing you just 3.8 miles from the James Island Connector, 4 miles from Folly Beach and 6.5 miles from downtown Charleston. A charming exterior with an inviting front porch welcomes you inside to a bright and open floor plan with attractive LVP flooring and abundant natural light. Just off the foyer, a flexible room can serve as a den, formal living area, office, or whatever best fits your lifestyle. Continuing down the hall, you will find the open living and dining areas and the beautifully appointed kitchen. The kitchen is both functional and stylish with gleaming quartz countertops, white cabinetry,stainless steel appliances, a subway tile backsplash, a walk-in pantry, and a spacious island with seating, and it also provides access to the covered porch and backyard. Across from the kitchen, the dining room offers an ideal space for entertaining and opens to the living room, which features a cozy gas fireplace and views of the backyard. A powder room completes the first floor. On the second floor, a flexible loft space adds even more versatility to the layout. The primary bedroom serves as a peaceful retreat with a roomy walk-in closet and an ensuite bath featuring a dual sink vanity and a frameless step-in shower with a built-in bench. Two additional bedrooms, a full bathroom, and a convenient laundry room complete the second level. Outside, a detached garage adds extra convenience and storage. Sea Aire is a thoughtfully designed green community featuring shared amenities like a communal garden, a play park, and a cozy firepit. Every home in the neighborhood is equipped with solar panels, adding to its eco-friendly appeal. This home is ideally located within approximately three miles of Publix, Harris Teeter, Food Lion, and a variety of dining options including Bohemian Bull, Bowens Island Restaurant, and Fam's Brewing. James Island County Park is just four miles away, and Avondale is within 7.4 miles. With its wonderful location and inviting features, this is one you won't want to miss. ***Ask about the possibility of receiving 1% reduction in interest rate and free refi.***
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.
