***Welcome to 3772 Brown Bark Lane — Custom Built Beautifully Remodeled throughout with Second Story Addition in 2023, Low County-style residence nestled on a serene HUGE .80-Acre Lot in sought-after Wacca Wache Estates. Discover the perfect blend of comfort and elegance in this beautifully designed 5 bedrooms/ with office or extra living room on first floor with second fireplace can be used as 6th bedroom and 5 full bathrooms, 5,000 SqFt of southern living at it's finest. Outdoor living is a true highlight with a sprawling backyard, mature trees and plenty of space for gardening, play or relaxation. Enjoy the Coastal Lifestyle within walking distance to Inter-coastal Waterway access the Wacca Wache Marina Boat Launch and water activities, restaurant with exquisite views of sunsets over the water, A 5 minute drive to the Atlantic Ocean or Golf Cart to the Famous Marsh Walk! This home is extremely warm and inviting. Enjoy the evenings on your screened wraparound porch. Fully fenced in backyard with newly updated irrigation system and well. Main level consists of Spacious great room with fireplace, custom book shelves with storage, A well appointed Kitchen with white hardwood custom cabinets, all new stainless steel appliances, stone counters, stone farm sink, main floor laundry room, large walk-in pantry with custom wood shelving, kitchen niche in dinning room for extra storage or display. The Primary Suite located on the main level, offers a peaceful retreat with an en-suite bathroom and generous closet space. 2 other Large bedrooms are downstairs, One bedroom/Office with fireplace, guest full bathroom with walk- in shower and the other bedroom with an on-suite bathroom with claw tub and beautiful tile flooring and walk-in closet. Newly Completed Second Story Addition, Upstairs you will find 2 large bedrooms each with over sized dormers to view the beautiful backyard, bathroom with double sinks, quarts counter tops and tiled tub shower combo, at the end of the hallway is a Secondary Suite with vaulted ceilings, free standing tub and tiled walk in shower, with quartz counter top separate sink areas with added vanity seating area. Wood floors throughout home with Plantation shutters, New HVAC UNITS, New Hot Water Heaters. Bring your BOAT, RV, GOLF CART, NO HOA, NO FLOOD ZONE, Low Taxes, Low Home Owners Insurance, Perfect for Multigenerational Families! This exceptional property is just minutes from Golf Courses, Huntington Beach State Park, known for its pristine nature trails and abundant wildlife. Brookgreen Gardens, local restaurants, shops, and entertainment options, making this the perfect blend of serenity and convenience. Whether you’re looking for a primary residence, vacation retreat or an investment property, Don't miss this rare opportunity to own a spacious Lowcountry retreat! ***VIRTUAL TOUR***-COPY and PASTE to your browser link below- https://properties.williamcoveymedia.com/videos/01974ad3-6607-700b-be2b-c6d6e40d5a31
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.
