Welcome to this beautifully maintained, high-efficiency luxury home offering exceptional comfort, quality craftsmanship, and thoughtful upgrades throughout. Built in 2018 and meticulously cared for, this spacious 3,296 sq ft residence delivers modern living with premium features rarely found in comparable homes. Enjoy outstanding year-round comfort with a top-of-the-line Carrier Infinity HVAC system featuring dual dehumidifiers, HEPA filtration, and UV air purification--a $25,000 upgrade that keeps the home cool, clean, and energy efficient. A whole-house water filtration system ensures superior water quality throughout. The gourmet kitchen is ideal for everyday living and entertaining, showcasing a touchless faucet, pot filler, wood-shelved pantry, custom stand-mixer cabinet, & shutterThe gourmet kitchen is ideal for everyday living and entertaining, showcasing a touchless faucet, pot filler, wood-shelved pantry, custom stand-mixer cabinet, and shutter blinds throughout the home. TVs are wall-mounted with concealed wiring, and the home is prewired for surround sound. All four bathrooms feature humidity-sensing ventilation fans, and the laundry room includes a utility sink and is piped for a gas dryer. The primary suite is a true retreat with a luxury super shower with body jets and a heated bathroom floor. Additional highlights include climate-controlled storage, central vacuum, and numerous smart upgrades throughout. Stained-glass chandeliers and bed swing do not convey. Outdoor living is equally impressive, featuring an indoor fireplace and a screened porch with gas firepit. The fenced backyard offers privacy with no rear neighbors, backed by protected HOA-designated green space. Landscaping includes elegant edging crafted from reclaimed brick from Hall's Chophouse, adding timeless Charleston character. The garage is outfitted with overhead storage and a Gorilla Garage storage system for exceptional organization. Upstairs, a versatile bonus living room offers flexibility and can easily be converted into a fifth bedroom, as a closet is already installed. Showing availability: Due to the seller working from home and evenings, show
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.
