Step into modern comfort with this thoughtfully designed four-bedroom, three-bath home built in 2019, featuring the highly sought-after Litchfield II floor plan. Upon entry, a welcoming foyer leads to two well-sized bedrooms at the front of the home that share a full bathroom, offering excellent flexibility for guests or home office space. Across the hallway, you'll find convenient access to the garage, a dedicated laundry room, and the staircase to the second level.At the heart of the home, the open-concept living area seamlessly connects the family room, separate dining room, and breakfast nook to a well-appointed kitchen. The kitchen features quartz countertops, stainless steel appliances, a pantry, and a generous island with seating for six, creating an ideal space (more)for everyday living and entertaining. Privately located at the rear of the first floor, the primary suite offers tray ceilings, an ensuite bath, and a spacious walk-in closet. Floor plans are included to showcase the impressive closet sizes found throughout the home. Just beyond the breakfast nook, step outside to enjoy a peaceful backyard that backs up to protected wooded land, ensuring long-term privacy with no future development behind the property. Upstairs, a second primary suite offers its own living area and private bathroom, creating an exceptional setup for extended stays or multi-generational living. Additional storage and thoughtfully designed spaces continue throughout the upper level. The home is located in a community featuring a pool and playground and is conveniently situated near Naval Weapons Station, Joint Base Charleston, Boeing, and the Google Data Center. Offering a rare dual primary bedroom layout, privacy, and a modern open design, this home delivers both versatility and comfort in a desirable Goose Creek location.
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.
