Gorgeous Upgraded Open Floor Plan, 4 Bedrooms, 2.5 Baths, Bonus/BR, Loft, 2 porches, move-in ready with 2954 sq. ft. on a Cul-de-sac Corner Lot! Full Front Porch includes a lovely Front Door w/ Transom Window & Side lights leading into Large Foyer w/ gleaming Laminate flooring extending throughout living areas. Large Dining Room has tray ceiling, chair rail, wainscotting, & Chandelier. BR/Bonus Room/Office has double glass doors, Ceiling Fan & laminate flooring. Massive Great Room has lovely Fireplace with Gas Logs/Mantel & TV mount, natural lightingfrom windows, Ceiling Fan and is open to Super Gourmet Kitchen w/ Granite Island & Pendant lights, Aristokraft Cabinets w/ Pull-outs, 42" upper cabinets w/ Crown & Light rail, Double Ovens, Vented Microwave Hood, Stainless Gas Cooktop, Laminate flooring, Tile Backsplash, Dishwasher & Disposal, Single Bowl Stainless Sink with Window, & a double door pantry! Casual Dining/Sunroom has windows overlooking the patio, Chandelier & lovely Patio Door to the Screen Porch w/ Ceiling Fan & speakers! The extended Patio includes a Dr. Wellness lifestyle X-6 Hot Tub w/ cover & steps. Back Yard has a privacy fence with a Single Gate & another Double Gate. Large area for grilling, cornhole, hot-tubbing, relaxing. Enjoy both Front & Back Porches! Downstairs has a Half Bathroom, Foyer Closet & a former closet modified as a Doggy Room! Gorgeous wooden treads with wrought iron spindles lead to a large upstairs with open LOFT/BONUS AREA w/ lovely windows & Ceiling Fan, use for work/play area/TV room; plus notice the Drop-Down Attic Stairs! The Large Master Bedroom Suite includes a lovely Tray Ceiling with crown, Ceiling Fan, large windows, & TV wall mount. Large Master Bathroom has Walk-in Tile Shower, Garden Tub with lovely window for natural light, wide double sink raised height vanity with granite, lovely lighting & fixtures, Private Water Closet, & upgraded Large Rectangular Tile Flooring. The Extra-Large Master Closet has a tower of 5 shelves Plus three walls with generous shelving racks. Upstairs has two additional bedrooms; a large Front Bedroom has Ceiling Fan, TV Wall Mount, window & a Walk-in Closet with a Window. Another large secondary Bedroom has a Ceiling Fan, Window & a very large walk-in closet. Upstairs is another full size bathroom with Tub-Shower Combo, tile floors, Linen Closet & lovely Sink Vanity. Laundry Room has tile flooring & shelving. The two-car garage has extended length & includes a garage door opener. All carpets are upgraded. Home has Certainteed Lap Vinyl Siding, Structured Wiring, 10 year Structural Builder's Warranty, Rinnai Tankless Water Heater, Radiant Barrier Roof Sheathing, Low E Vinyl Tilt MI Windows, ridge & soffit Attic Ventilation, 14 Seer Lennox AC & Gas Heat, & has been HERS Tested. Seller is Original Owner. Evaporator Coil replaced 2023. Home has a Transferable Termite Bond. Magnolia in Cane Bay has a lovely amenity center with Pool, Cabana, playpark, doggy park and there are memberships available at the Cane Bay YMCA. Enjoy the living in Cane Bay - Magnolia, with nearby retail, restaurants, grocery stores, schools, healthcare, & a hospital is just a few miles away. Take a walk around the ponds, enjoy trails, ride your golf cart, have breakfast or dinner at nearby restaurants. 201 Bigleaf Court is spacious, upgraded, great for home entertainment & relaxation, well-maintained by Original Owner & is situated on a beautiful Corner Lot on a Cul-de-sac Street with privacy fencing! Welcome Home and start living your best life at Cane Bay Plantation!
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.
