***OPEN HOUSE this weekend - Friday, 2/6 from 3pm-5pm, Saturday,2/8 11am-2pm and Sunday, 2/8 11am-3pm *** Welcome to this beautifully designed 4-bedroom, 3-bath home in one of Market Common’s most sought-after hidden-gem communities. Tucked inside a quiet, no-through-traffic neighborhood of only 88 homes, this property offers the perfect blend of privacy, luxury, and an unbeatable lifestyle. This home is part of Emmens Preserve, featuring resort-style amenities including a huge resort-style pool, fitness center, clubhouse, outdoor kitchen, fire pits, putting green, bocce ball courts, horseshoe pits, and a private dog park, complete with many planned community events throughout the year. The split floor plan features a spacious gourmet kitchen with granite countertops, tile backsplash, recessed lighting, upgraded hardware and fixtures, stainless steel appliances, and 42” raised-panel cabinets. The open layout flows seamlessly into the living area, highlighted by a natural gas fireplace...perfect for cozy evenings or entertaining, and a spacious dining-room Upstairs, you’ll find a large bonus room with a full bathroom and walk-in closet, ideal for a guest suite, home office, or media room. Step outside to your huge, private, fully fenced backyard -a true blank canvas with endless possibilities for a future pool, gardens, fire pit, patio, or an amazing outdoor living space. Located in The Market Common, you’ll enjoy 29 acres of parks, lakes, and walking trails, plus restaurants, shops, breweries, farmers markets, community events, grocery stores, a movie theater, bowling alley, Barnes & Noble, and even the DMV -all accessible by golf cart. Best of all, you can even golf cart to the ocean & beaches, including Myrtle Beach State Park. This is more than a home -it’s a lifestyle. The Market Common truly has it all.
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.
