Welcome to your dream home in the highly sought-after golf course community of Colonial Charters in Longs! This charming three-bedroom, two-bathroom residence is designed for comfort and relaxation. Step inside to discover a spacious living and dining area, ideal for entertaining family and friends. The kitchen boasts ample countertop and cabinet space, featuring stunning quartz countertops, LVP flooring, and stainless steel appliances. You'll love the convenient dinette area right outside the kitchen, perfect for casual meals. The dishwasher was recently updated in 2025 for your convenience. The master bedroom offers plenty of space for your furniture and includes a generous walk-in closet. The luxurious master bathroom features a walk-in tile shower, elegant pedestal sinks, LVP flooring, tin wall board, and an upgraded toilet from 2022. The two secondary bedrooms are thoughtfully located on their own wing of the house, sharing a convenient shower/tub combo. Step outside to your serene screened-in rear porch adorned with porcelain tile, where you can unwind while overlooking the tranquil trees. The backyard is an entertainer's paradise, featuring a patio area with a fenced-in yard and beautiful pavers along the back and side of the house. You'll appreciate the spacious two-car garage, complete with updated garage door and motor from 2025, providing ample storage space. Recent upgrades include a new roof with gutter guards installed in 2023, a water heater updated in 2023, and a new HVAC system from 2024. After a day at the beach, take a refreshing dip in the community pool, just steps away from your door. Colonial Charters is ideally located adjacent to the Colonial Charters golf course and is conveniently close to some of the area's finest dining, shopping, golf, and entertainment options. This home is perfect as a forever residence or a vacation retreat. Don't miss out on this incredible opportunity, 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.
