Incredible opportunity to purchase this waterfront 3 bedroom 2 bath ranch style home w/ 2 car garage in the highly sought after Townes at Heather Glen! Enjoy the comfort of low-maintenance living with exterior lawn included in the HOA dues. 1551 Jardine Loop is a Tuscan floor plan offering a spacious, open layout all on a single level. Property features include vaulted ceilings, tons of natural light throughout the living & dining areas, laminate wood flooring, large kitchen island with breakfast bar, and spacious covered screened-in porch. This home is perfect for entertaining with a kitchen that features granite countertops, stainless Whirlpool appliances, 36" cabinetry, and a large pantry with ample storage. The spacious primary suite offers beautiful views of the pond, walk-in closet, and a private bath with dual vanity & walk-in shower. Two additional guest bedrooms that share the second full bath featuring tile floors and a tub/shower combo. The two car garage comes with a tankless water heater & pull down steps leading to additional attic storage. Enjoy your morning coffee or favorite evening beverage on your private screened-in porch taking in those amazing water views. Heather Glen is a natural gas community that offers a resort-style amenity center that includes a stunning zero-entry pool, clubhouse w/ fitness center, playground, dog park, walking trails, grilling area, and garden. Perfectly situated close to all of the area's finest dining, shopping, golf, Cherry Grove Beach, Sunset Beach, and entertainment attractions. Minutes from both Little River & Calabash waterfront restaurants. Whether you are looking for a primary residence, vacation home, or rental property at the beach, you won't want to miss this. Call the listing agent today for a showing!
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.
