Welcome to this charming two-story home located in the highly desirable over 55 community Cresswinds in The Ponds Summerville, where comfort, style, and community amenities come together to create the perfect place to call home. 2806 sq ft home full of upgrades, beautiful wood floors. 2 bedrooms on the main level and 1 loft bedroom on the second floor, with plantation shutters creating a high class style. This amazing open concept living space is waiting for you. The moment you arrive, the home impresses with its inviting exterior featuring smooth stone accents and beautiful architectural details that provide timeless curb appeal. Step inside and you'll find a thoughtfully designed interior filled with natural light, spacious living areas, and quality finishes throughout. Just off the entryway is a sophisticated office space, complete with elegant French doors .This room offers the perfect environment for working from home, studying, or creating a quiet retreat. The heart of the home are beautiful wood floors, the bright and oversized gourmet kitchen, designed for both everyday living and entertaining. This impressive space features top-rated built in stainless steel appliances, a modern tiled backsplash, abundant white cabinetry, and an enormous pantry offering exceptional storage. The kitchen is anchored by a huge center island, providing ample seating and workspace for meal preparation, gatherings, and casual dining. Whether hosting family dinners or entertaining guests, this kitchen truly serves as the centerpiece of the home. Flowing seamlessly from the kitchen is the spacious living room, where a beautiful fireplace creates a warm and inviting focal point. Numerous windows fill the room with natural light, creating an airy and welcoming atmosphere. The generous size of this space allows for multiple furniture arrangements, including the option to incorporate additional sitting areas, reading nooks, or a formal dining space, depending on your lifestyle needs. The Sun room at the back of the home over looks the fenced yard, plenty of space for your patio furniture .The HOA will mow inside the fence for you. Just off the living space is the primary suite offers a peaceful retreat, beautiful ceiling and large walk-in closets designed to accommodate even the most extensive wardrobe. The spa-inspired primary bathroom features dual vanities, his-and-her sinks, and a beautifully designed shower, creating the perfect place to unwind at the end of the day. bedroom two is on the main level. go through the Barn Door Upstairs to bedroom 3, this provides plenty of space for family members, guests, or flexible use such as hobby rooms or additional office space. 2 car garage with epoxy flooring in house water filtration system and fenced in yard. This home offers the perfect balance of elegant design, functional living space, and outstanding community amenities, making it a must-see for buyers looking to enjoy the best of Summerville living. Located in the highly sought-after Cresswinds at The Ponds, this home offers the perfect blend of low-maintenance living and resort-style amenities designed specifically for active adults aged 55 and over. Residents enjoy a vibrant lifestyle with access to a beautiful clubhouse, fitness center (YMCA), swimming pool, pickleball and tennis courts, walking and biking trails, and a full calendar of social events and activities. The community is designed to encourage connection, wellness, and an active lifestyle while still providing peaceful surroundings. easy access to shopping, dining, medical facilities, and historic Charleston, making it one of the most desirable active adult communities in the Lowcountry. All offers to be submitted with a pre-approval letter and/or proofs of funds. If square footage is important, please measure. All information, including but not limited to HOA info, acreage, taxes, flood zone info, and schools, is solely subject to independent verification by buyer/buyer's agent.
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.
