Experience the perfect blend of country living with the convenience of being just a short drive to the beach in this beautifully appointed home situated on a spacious lot. Designed for both everyday comfort and effortless entertaining, this open-concept 3 bedroom, 3 bath home welcomes you with a large living room featuring an elegant tray ceiling and abundant natural light. The heart of the home is the stunning kitchen, complete with granite countertops, appliances, soft-close cabinets and drawers, a large center island with seating, a pantry, and a spacious eat-in dining area making it the perfect gathering place for family and friends. Just off the main living area, you'll find a versatile flex space that can easily be tailored to fit your lifestyle. Whether you're looking for a home office, reading nook, sitting room, playroom, or hobby space, the possibilities are endless. The oversized primary suite is a true retreat, boasting a tray ceiling, generous bedroom space, and separate his-and-her walk-in closets. The en-suite bathroom offers a relaxing garden tub, separate shower, and plenty of room to unwind. Ceiling fans are featured in every bedroom, while abundant closet space throughout the home provides exceptional storage. The laundry room is thoughtfully equipped with a utility sink for added convenience. Outside, you'll find even more to love. Relax on the expansive front porch or escape to your private backyard oasis featuring a covered porch overlooking a spectacular 16' x 36' saltwater pool. The fully fenced backyard offers ample space for pets, play, and entertaining, all situated on a large lot that provides the privacy and room you've been looking for. A spacious 3-car garage offers plenty of room for vehicles, golf carts, hobbies, or additional storage. Built with durable Hardie board siding and quality finishes throughout, this home combines timeless style with everyday functionality. If you've been dreaming of peaceful country living without sacrificing convenience, this exceptional property delivers. Enjoy the tranquility of a spacious homesite while remaining just minutes from area beaches, shopping, dining, golf, and everything the Grand Strand has to offer. This is coastal Carolina living at its finest.
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.
