Welcome to refined Lowcountry living in the sought-after West Lake at Cane Bay community. This beautiful home combines comfort, style, and thoughtful design in one of the area's most desirable neighborhoods complete with lake access, scenic views, and access to top-rated schools.Step inside through the inviting foyer and immediately notice the beautiful hardwood flooring that flows throughout the home, creating a warm atmosphere. Just off the entryway, a separate dining room offers the perfect space for hosting gatherings or enjoying everyday meals.The heart of the home features an open-concept kitchen and living area, designed for both entertaining and relaxation. The living room centers around a cozy fireplace, while the kitchen impresses with a spacious island toppedwith granite countertops, stainless steel appliances, and a large pantry, providing both beauty and functionality. The primary suite is conveniently located on the first floor, offering a peaceful retreat complete with a large walk-in closet and a private en-suite bathroom featuring built in closet shelving, dual vanities, a soaking tub, and a separate shower. Also on the main level, you'll find an additional bedroom, a full guest bathroom, and a laundry room, providing flexible living options for guests or a home office. Upstairs, the hardwood flooring continues into a versatile loft/flex space, ideal for a second living area, media room, or workspace. This level also includes another bedroom and full bathroom, offering additional privacy for guests or family members. Step outside to enjoy the screened-in porch, perfect for relaxing with morning coffee or evening breezes. The large, fully fenced backyard provides ample space for outdoor living, pets, or play. Located in the highly desirable West Lake section of Cane Bay, residents enjoy lake access, beautiful surroundings, and a vibrant community lifestyle with nearby shopping, dining, and recreation. This home offers the perfect blend of luxury, comfort, and location, a true opportunity to experience the best of Cane Bay living! Schedule your showing today!
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.
