Just completed and ready for immediate occupancy!! Cross the Causeway Bridge and head north to this custom new construction located lagoon-front on the northern end of Loveladies. Through the classic-craft mahogany double front door it is impossible to miss the attention to detail. European white oak 6" wide-plank flooring throughout. Crown molding throughout the house – coffered ceilings in both the second-floor master bedroom and the family room and shiplap up all stair walls. Stairs and rails are red oak w/white square spindles. A tray ceiling in the first-floor owner’s suite with shiplap on the west wall, custom closet shelving, recessed lighting throughout, shiplap in multiple rooms, a three-stop elevator and a beautiful fireplace w/custom mantle complete the picture of quiet luxury. The kitchen is a chef’s delight! A Sub-Zero 42’ french-door refrigerator, Wolf 36’ range, Jen-Air dishwasher and microwave make light of any task. A huge center island will become the “heart of the home”. Featuring 6 bedrooms (including two master suites on separate floors), 5 full and two half baths. Two separate gathering areas offer plenty of space for all your family and guests. The huge fiberglass rooftop deck is where you can enjoy the breathtaking ocean views and magnificent sunsets. Two separate laundry rooms are equipped with GE Profile front loader washer and dryers: a tankless gas hot water heater, and 3-zone HVAC with wifi-controlled Nest thermostats will keep you comfortable and stress-free all year round. A complete home automation system including security system w/4 cameras and monitor, central vac w/hideaway hose system, TV wiring w/HDMI, 8 sets of speakers and a whole house WiFi extender makes this house a tech’s dream. The landscaping is a site to behold – follow the bluestone stepping stones from the front porch past the flower beds – through the gated fence to the back yard -- actually, your own private paradise. The path brings you past the large deck to the full outdoor kitchen – complete with granite countertops, grill and beverage center and the 16 x 30 heated saltwater pool with hot tub. Of course, there is an outdoor shower, and access to the bath and laundry room is conveniently from the deck. There is 82’ of new vinyl bulkhead and a brand new dock, and a pedestal w/electricity and water complete this boater’s dream. There is also an irrigation system, landscaped lighting, and natural stone surrounds the entire perimeter of the home. Last but not least, this home is just a few houses from the beach and comes with its own deeded beach access. Make an appointment to see 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.
