OFFERING $2400 Paint Credit!!! Welcome to 407 Turnbridge Lane, a beautifully maintained home located in the desirable Wentworth Hall subdivision in the highly sought-after Knightsville area of Summerville, South Carolina. Known for its quiet streets, community amenities, and convenient location, Wentworth Hall offers a welcoming neighborhood atmosphere just minutes from everything Summerville has to offer.This inviting home features a bright, open-concept floor plan ideal for modern living and entertaining. The spacious living area flows seamlessly into the kitchen, which offers ample cabinetry, generous counter space, and an eat-in dining area, making it perfect for everyday living or hosting guests. Abundant natural light throughout the home enhances its warm, move-in-ready feel.The primary suite provides a private retreat complete with a walk-in closet and en-suite bathroom, while additional bedrooms offer flexibility for guest rooms, home offices, or growing households. Neutral finishes throughout allow for easy personalization and broad buyer appeal. Enjoy outdoor living with a private backyard, ideal for relaxing, grilling, or enjoying peaceful Lowcountry evenings. Residents of Wentworth Hall enjoy access to community amenities, including a neighborhood swimming pool, playground, and common areas, enhancing the lifestyle and value of this well-established community. Conveniently located near Downtown Summerville, this home offers easy access to local parks, walking trails, shopping, dining, schools, and year-round community events. The Knightsville location also provides quick access to I-26, Nexton, Joint Base Charleston, Boeing, Volvo, and major employment centers, making this an excellent option for commuters, military relocation, first-time buyers, or those looking to downsize. This Wentworth Hall home in Knightsville offers the perfect blend of location, neighborhood amenities, and Lowcountry living. Schedule your showing today and discover why Summerville continues to be one of the most desirable places to call home.
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.
