This spacious and well-maintained four-bedroom, two-and-a-half-bath home offers a functional layout designed for comfortable living. With both formal and casual spaces, the home is ideal for everyday life as well as entertaining friends and family. Upon entering, you are greeted by soaring 9-foot-plus ceilings throughout the ground floor, creating a welcoming and open atmosphere. To the left, the formal dining room provides an elegant setting for dinner parties or family gatherings. To the right of the foyer, there is a dedicated office or study space with glass French doors, offering privacy while working or reading. At the heart of the home is the beautifully designed kitchen and spacious living area.The gourmet kitchen features stainless steel appliances, a large kitchen island, and stylish finishes that blend both function and charm. A breakfast area is conveniently located just off the kitchen, and a custom coffee bar with additional cabinetry and counter-top space adds functionality to the area. The living room offers a warm and inviting environment, centered around a gas fireplaceperfect for gathering and entertaining.The home's outdoor areas are equally impressive. Large sliding glass doors open to a screened porch with tile flooring and blinds for added privacy. Beyond the porch, nearly 700 square feet of patio provide ample space for outdoor dining and relaxation, including a fire pit that is perfect for gatherings on cool evenings. Landscaping includes a privacy hedge, blueberry bushes, and a trellis planted with star jasmine.Upstairs, the expansive primary suite serves as a true retreat, offering two walk-in closets with custom cabinetry for generous storage. A sitting area off the primary suite creates a cozy spot to relax, watch TV, or enjoy a good book. Three additional guest bedrooms and a full bathroom offer plenty of space for family or visitors. There is also a bonus area that serves as a versatile second living space and opens to a covered porch.Located in one of Johns Island's most sought-after communitiesOakfieldthis home is just a golf cart ride away from popular restaurants, shopping, grocery stores, and the iconic Angel Oak Tree. The neighborhood itself features a tranquil pool, walking trails, green spaces, and a playground, providing residents with a true Lowcountry lifestyle.
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.
