Tucked within the welcoming community of Oakfield, 2036 Lanneau Lane offers the kind of home where everyday life feels both easy and memorable -- a place designed for gathering, growing, and settling into the rhythms of family life.Step inside and you're greeted by warm, durable LVP flooring that flows throughout the entire first floor. Just off the entry, a flexible office or sitting room creates the perfect space for working from home, tackling school projects, or enjoying a quiet moment away from the activity of the home.Continue inside and the home naturally opens into the kitchen -- truly the heart of it all. Thoughtfully designed for both everyday living and entertaining, the kitchen is complemented by a convenient bar area just across from it, creating the perfect setup formorning coffee, casual conversations, or pouring a glass of wine while dinner comes together. Just beyond, the dining area flows seamlessly into the spacious family room, where a cozy gas fireplace anchors the space. It's easy to imagine holidays gathered around the table, movie nights on the couch, and the simple joy of everyone being together at the end of the day. The first floor also offers a private guest bedroom and full bathroom -- ideal for visiting family, overnight guests, or a comfortable space for multi-generational living. Step outside to the screened-in porch and you'll find one of the home's most peaceful features. Overlooking a fenced backyard that backs up to protected HOA woods, this space offers both privacy and a beautiful natural backdrop -- perfect for slow mornings, evening breezes, and kids or pets playing freely in the yard. Upstairs, a central loft provides a versatile gathering space that could easily serve as a playroom, media area, or second living room. Three sizeable secondary bedrooms and a guest bathroom offer room for family and visitors alike. The primary suite serves as a relaxing retreat, complete with a walk-in closet and private en-suite bathroom -- a comfortable space to unwind at the end of the day. At 2036 Lanneau Lane, it's more than just a house -- it's the setting for backyard barbecues, quiet mornings on the porch, and the everyday moments that turn into lifelong memories. Other key features of this home: Whole Home Generator, Water Filtration System, Widened Driveway, Gas Hookup on the Patio, Patio Extended Located in the vibrant Oakfield community, residents enjoy access to amenities like a neighborhood pool, putting green, bocce court, walking trails, playgrounds, and scenic green spaces. Residents also enjoy regular food trucks and seasonal community events. Oakfield is 8 miles from Downtown Historic Charleston, 14 miles from Freshfields and Kiawah Island, just quick golf cart ride from Lowtide Brewery, Wild Olive, and Estuary Beans and Barley, El Molino Taqueria, and minutes away from Royal Tern, Lost Isle, Minero, The Natural, The Woodruff, Island Provisions, Gold Star, and SOMM.
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.
