Your morning coffee can be poolside or at the community dock; both just steps away from your stunning, better than new home. Enjoy Resort Style Living: Pool, Dock, Pickleball & Play Park. Highly sought after Cane Bay Schools nearby. Minutes to shopping, work and I-26. Bosch, Boeing, Charleston Military Joint Base, Charleston International Airport, Restaurants. Convenience defines this luxe lifestyle. Best Value-Lowest $/Foot. Bonus! Up to $10,000 in closing costs plus a reduced interest rate available. Abundant windows flood your rooms with natural light. Views of your fenced backyard tease from the gourmet kitchen. Flowing flexible floorplan has room for all or space to get away in the Bonus Room~Loft~Office~Playroom. The large laundry room features high end washer, dryer & laundry sinkfor your convenience. Better-Than-New! Fully Upgraded with what you want: ~Built-in Drop Zone $3500 ~Handsome Powder Coat Metal Fence $14,750 ~Epoxy Coat Garage Floor $6500 ~Premium Washer, Dryer, Refrigerator $3500 ~Laundry room sink $750 ~Coffered ceiling $2520 ~Custom tile backsplash $1445 ~Upgraded tile $1225 ~Upgraded faucets /hardware $3260 ~Upgraded toilets and sinks $2705 ~Cabinet hardware upgrade $715 ~Spa bath shower in Primary $6505 ~Upgraded lighting $1030 ~Screened Porch $15,015 ~Energy Efficient Tankless Water Heater provides almost endless hot water. included ~All Window Treatments $2200 ~Raised Garden Beds $500 ~New shrubs added along the fenceline for added privacy. $650 ~Pre-wire flat panel over fireplace $485 ~3 Car Garage! $12,000 ~Closet in the Bonus Room/ optional 6th Bedroom $1025 ~Upgraded 36" Gas Log Fireplace $4675 ~Upgraded, Easy-Care Flooring Quartz Countertops in the kitchen & all bathrooms $4885 Oak Stair Treads $3520 Open rail wood pickets on stairs $4380 Attic Flooring with Pull-Down Stairs $200 Upgraded Lighting throughout $1030 Under Cabinet Lighting in kitchen $755 Gourmet Appliances Gas stove $3270 Premium Corner, Pond View Lot $40,000 Meet people and enjoy the many activities planned by the Social Committee. The Santa Breakfast is a must! New is great, until you add your upgrades, then lookout, the price just increased by $50k, $60k, even $100k is not unheard of. The most recent sale of this floorplan closed at $721,445. Of course that doesn't include everything this home offers. Save yourself $143,000 + all the time and money adding the extra features already included in 185 Whaler. As you can see, there are lots of benefits, (not to mention huge cost savings,) in choosing this pristine, fully upgraded home. Move-in ready for you and your loved ones. Settle right in, there's nothing left to do. Make the smart choice and save BIG.
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.
