Discover Lowcountry luxury in Rivertowne on the Wando! Experience the perfect blend of modern comfort and natural beauty in this 2,886 sqft marshfront retreat. Located in highly sought-after subdivision, this 4 BR, 2.5 BA home, plus a huge FROG, offers breathtaking views and a lifestyle defined by outdoor adventure and community charm. Meticulously maintained and updated, step inside to find a home that feels like new, featuring LVP flooring throughout the main living areas and fresh interior paint. The heart of the home is the family room with a gas fireplace and an updated kitchen, outfitted with stainless steel appliances, stylish quartz counters and glass tile backsplash. The main level flows seamlessly, while the second floor includes the primary suite with walk-in closet and privatebath, two secondary bedrooms, a shared hall bath, laundry, and a huge room over the 2-car garage. This flexible space is perfect as a large home office, a premier media room, or a massive (and likely highly coveted) 5th bedroom for that teen needing more space! The 3rd floor is the 4th bedroom but as its own private room would also make a quiet office, homeschool area, or craft and hobby room! Head outside to embrace the SC sunshine from the front porch or the expansive rear deck. The large screened-in porch offers a front-row seat to the marsh and its variety of Lowcounty wildlife and the fenced backyard that balances privacy with stunning sunset views. Some of the functional updates during the seller's ownership provide peace of mind and include roof, all HVAC systems, tankless water heater, exterior front and back doors, screened porch, rear deck, fence, recessed lighting, fan/light fixtures, and smoke detectors throughout the entire home, new blinds, and interior/exterior paint. The home is also under a transferable termite bond for added protection. As part of Rivertowne on the Wando, you'll enjoy unbeatable amenities and a lifestyle situated right on the Wando River, famous for its golden sunsets and resident-only access to three community day docks for fishing and boating, pickleball / tennis / basketball courts, a pool and play park, large green spaces for sports and local social events, and an onsite postal center for your household mail. Zoned for award-winning STEM schools, close to medical, dining, shopping, and local beaches, and all within 30 minutes of downtown Charleston and the international airport, this location will not disappoint! Come take a look and see for yourself! Rivertowne isn't just a neighborhood, it's a way of life!
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.
