First-Floor Owner's Suite, Loft, Fenced Yard, Great Amenities, and DD2 Schools.Welcome to your Southern dream home in the highly sought-after White Gables community of Summerville, SC. This adorable Victorian-style home offers one-story living and timeless charm.Boasting a light and bright floorplan with 10-foot ceilings, stunning wood floors, and elegant trim work and transom windows, this home is one you must tour to appreciate. First-Floor Owner's Retreat: Enjoy ultimate convenience with a main-level suite featuring vaulted ceilings, a walk-in closet, and a spa-like bath with a soaking tub and separate shower. A downstairs laundry is conveniently located next to the owner's suite. Interior Highlights: The heart of the home rests in the kitchen with its large granite island, gas range, and a sun-drenched breakfast nook. It's perfect for multi-tasking between dinner & homework, cookie decorating, or entertaining. Formal Dining: A true showpiece featuring French doors with Southern-style transom windows. The dining room adjoins both the kitchen and the living room, the perfect layout for entertaining guests. Flexible Living: The second floor offers two spacious bedrooms, a large full guest bath with both hallway and bedroom access, and a spacious loft perfect for a home office or playroom. Unbeatable Storage: The loft has access to an amazing walk-in attic, the detached garage offers overhead storage, and the rear of the home has an additional exterior rear home storage closet. Outdoor Oasis: This backyard is unique as it offers both a patio area and a large grass area. Fully fenced, it features a paver patio with café lighting. An ideal spot for grilling and outdoor gatherings. A landscaped walkway behind the house takes you to the open side of the fenced yard with plenty of space to run, play, or grow large veggie gardens. Updates: This home recently had the water heater replaced, the gas fireplace serviced, and a new roof is negotiable. The White Gables Lifestyle: Located in the top-rated Dorchester District 2 (DD2) school zone, you are just two minutes from Publix, Starbucks, and local dining. Community amenities are second-to-none: a resort-style pool, splash pad, clubhouse, tennis & basketball courts, walking trails, and scenic fishing ponds. Experience the perfect blend of Victorian charm and modern Summerville 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.
