Welcome to 3591 Bayou Road, where the magic of waterfront living meets the income-generating potential of a short-term rental-qualified ADU, and your own private boat ramp invites you to slip into the Lowcountry's scenic tidal waterways with ease. Cast a line for redfish at sunset, set a crab trap from the dock, or simply soak in the stillness of the salt air--this is coastal living at its most soulful. This one-of-a-kind Johns Island retreat is a rare and remarkable offering, complete with a charming four-bedroom home and a detached accessory dwelling unit. Tucked beneath the canopy of moss-draped oaks, this peaceful retreat captures the soul of Lowcountry living with just the right blend of seclusion, comfort, and easygoing Southern charm. The main residence has been lovingly cared for and thoughtfully refreshed. Step inside to discover rich hardwood floors that stretch throughout, paired with classic shiplap walls. The heart of the home is a spacious, light-filled kitchen, equal parts gathering space and gourmet workspace, complete with a large quartz-topped island, stainless steel appliances, and a built-in wine fridge. The primary bathroom has been thoughtfully reimagined into a spa-like haven, featuring a jetted soaking tub, a tiled walk-in shower, and elegant fixtures that invite you to slow down and unwind. Outside, the true magic unfolds. Set along a serene tidal canal, this home offers direct water access with a private boat ramp, making it effortless to launch your boat, kayak, or paddleboard whenever the mood strikes. The lush grounds are a gardener's dream, brimming with a bounty of edible landscaping: olive, orange, lemon, pecan, and apple trees, plus blueberries, blackberries, raspberries, herbs, and vegetables, all perfect for a farm-to-table lifestyle. Outside, you'll also find a detached shed, ideal for use as a garden workspace, hobby studio, or simple extra storage. From sun-drenched porches to a tucked-away gazebo, every inch of this property embraces the laid-back elegance and natural beauty of Johns Island. The detached ADU adds incredible flexibility to the property, perfect as an in-law suite, private home office, gym, or a fully legal short-term rental to generate income year-round. Whether you're welcoming guests or hosting travelers, this space is ready to work for you. Just a short drive from Charleston's best dining, shopping, and entertainment, this property delivers a rare opportunity to live, relax, and invest, all in one extraordinary location.
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.
