Open House: Sunday 4/19 1p - 3p. Set within Hidden Lakes, this single level home offers the kind of easy coastal living that draws people to Little River in the first place. Life here moves at a gentler pace, and this home gives you the space to enjoy it. Mornings can start in the breakfast nook with sunlight coming through the windows, afternoons can unfold in the Carolina Room, and evenings are best spent on the spacious screened porch overlooking the community pond, where the view gives the whole home a quieter, more relaxed feel. At the center of the home is a kitchen that truly earns its keep. With abundant counter space, a generous layout, and room to gather without feeling crowded, it is designed for real life rather than just appearances. Whether it is hosting visiting family, setting out snacks after a day at the beach, or simply enjoying the comfort of having room to spread out, this is a kitchen that makes everyday living easier. The layout offers 3 bedrooms and 2 baths, all on one level, which makes the home especially appealing for those looking for comfort and simplicity without sacrificing space. The second bedroom includes built in cabinets, giving it flexibility beyond a traditional guest room. It works beautifully as a home office, craft room, hobby space, or quiet retreat when extra sleeping space is not needed. This home is especially well suited those who understand the value of location, livability, and price. In a market where many homes compete on the same talking points, this one stands apart by offering a low price point along with the lifestyle buyers are actually searching for. Hidden Lakes adds even more appeal with HOA amenities that include trash pickup, a community pool, and tennis courts. For the buyer who wants a place near the coast that feels comfortable, practical, and easy to enjoy from day one, this home makes a strong case without trying too hard.
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.
