Experience elevated coastal living in this stunning 4-bedroom, 4-bath waterfront residence, ideally situated within the exclusive gated community of Waterway Palms Plantation along the Intracoastal Waterway. Thoughtfully updated in 2023, this home features a chef-inspired kitchen outfitted with high-end KitchenAid appliances, beautifully stacked cabinetry, a blend of quartz and granite surfaces, and a discreet butler’s pantry with a pot filler, and ample storage for all of your counter top appliances. Perfect spot to prep for a night of entertaining. Wide-plank luxury vinyl flooring flows throughout the home, complemented by impressive 9- to 10-foot ceilings and contemporary LED lighting that enhances the bright, open feel in every room. Step outside to your own private retreat, where a saltwater pool with a cool deck and integrated heating and cooling system invites year-round enjoyment. The recently added floating dock offers direct water access and is ready for a future boat lift, making it ideal for boating enthusiasts seeking the ultimate Intracoastal lifestyle. Designed with both comfort and convenience in mind, the home includes a residential elevator providing easy access to all levels, as well as an outdoor kitchen featuring a premium Lion grill for effortless gatherings. Energy-efficient upgrades such as spray foam insulation, a Rinnai tankless water heater, and a backup propane generator to ensure peace of mind and year-round comfort. The spacious 2.5-car garage is equipped with a Tesla charging station, while the inviting living area is anchored by a direct vent propane fireplace with a reclaimed railroad tie mantle. Additional highlights include professional-grade dog turf, a full irrigation system, impact-resistant windows and doors, and hurricane-rated garage doors for added security and durability. The HVAC units were replaced in 2020 & 2023. This exceptional property offers a seamless blend of luxury, functionality, and coastal charm, an incredible opportunity to enjoy the waterfront lifestyle. This home provides outstanding upside for a new buyer, with generously sized rooms and numerous upgrades already completed by the current owners. Select photos also highlight ideas for simple, cost-effective updates to the primary bath and laundry room, which could further elevate the home to compete with some of the highest-priced properties in the neighborhood. Waterway Palms delivers a true resort-style experience with gated entry, direct Intracoastal access, private boat ramp and dock, a community pool, tennis, basketball & bocce ball courts, play ground & fitness center all located around the oversized community club house where they have planned community events for the kids and adults. All of this in the award winning Carolina Forest School District. Located just minutes from beautiful beaches, top-tier dining, shopping, healthcare facilities, and Coastal Carolina University. Call today for your private viewing. *All information is deemed reliable, buyer and buyer's agent must verify.
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.
