Welcome to 2816 Ortega Drive on Johns Island, where comfort, convenience, and the Lowcountry lifestyle come together in a setting that feels both peaceful and connected. Located just a short drive from downtown Charleston, this home offers the perfect balance of quiet island living and easy access to the beaches, dining, and culture that make the Charleston area so desirable.Step inside and you'll immediately notice the natural light and inviting layout designed for everyday living and effortless entertaining. The living spaces flow comfortably, creating a warm and welcoming atmosphere whether you're enjoying a quiet evening at home or gathering with friends.The kitchen serves as a central hub of the home, offering space to cook, connect, and enjoy meals together.Nearby living and dining areas provide flexibility for relaxing, hosting, or creating a comfortable work-from-home setup. Outdoor living is an important part of life on Johns Island, and this home offers the opportunity to enjoy it fully. Imagine starting the day with coffee outside, unwinding in the evening after a beach day, or simply enjoying the peaceful surroundings that make this area so special. Living at 2816 Ortega Drive places you within reach of everything that makes the Lowcountry unique. Nearby boat landings, parks, and outdoor recreation offer endless opportunities to explore, while popular destinations like downtown Charleston, Folly Beach, and Kiawah Island are just a short drive away. Johns Island is also known for its local restaurants, markets, and scenic beauty, creating a lifestyle that blends convenience with coastal charm. Whether you're looking for a primary residence, a second home, or an opportunity to enjoy the Charleston coastal lifestyle, this property offers a wonderful place to experience all that Johns Island has to offer. Schedule your showing today and discover what makes this home so special.
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.
