This custom-built, solid brick home in the prestigious Coosaw Creek Country Club offers a thoughtfully designed open floor plan with the majority of living space on the main level. Featuring three first-floor bedrooms and two additional upstairs rooms ideal for bedrooms, guest space, or flexible living, this home easily accommodates a variety of lifestyles. The well-appointed kitchen showcases abundant cabinetry, generous counter space, a custom tile backsplash, and stainless steel appliances, all opening seamlessly to the spacious family room with soaring ceilings and a gas fireplace--creating an inviting space for both everyday living and entertaining. A formal dining room is perfect for special occasions, while a large casual dining area provides versatility for daily meals. Privatelysituated on one side of the home, the primary suite features a tray ceiling and a luxurious ensuite bath complete with a clawfoot tub, separate shower, dual vanities, private water closet, and a large walk-in closet with built-in mirrored door housing additional shoe storage. Two secondary bedrooms and a full bath are located in a separate wing, offering privacy and convenience. Upstairs, the expansive bonus area includes two additional rooms, ideal for a home office, gym, or guest accommodations. Enjoy outdoor living on the screened porch featuring a natural gas hibachi grill table with seating for eight, or relax on the custom patio with firepit overlooking the fully fenced backyard. Situated on a beautifully landscaped .36-acre corner lot with a spacious driveway, this home offers both privacy and curb appeal. A perfect blend of one-story living with added flexibility, this home is a must-see! Coosaw Creek Country Club is renowned as one of the area's most prestigious gated golf communities, offering a full-service country club lifestyle. Amenities include golf, tennis, swimming, pickleball, and a vibrant calendar of year-round events for all ages. The Palmetto Bar and Grill, located in the clubhouse, is open Tuesday through Saturday and hosts frequent special events, enhancing the community's welcoming atmosphere. The Coosaw Creek Golf Course, masterfully designed by Arthur Hills, is a standout for players of all skill levels. Rated 4 stars by Golf Digest and recognized as a "must-play," it continues to impress with its thoughtful layout and impeccable maintenance. Voted the Charleston Area's Golf Course of the Year in 2014, it remains one of the region's premier courses. Conveniently located just a short drive from Boeing, the Charleston International Airport, Joint Base Charleston, shopping, hospitals, historic downtown Charleston, and the beaches (just 45 minutes away), the community offers the perfect balance of tranquility and accessibility. There is a one-time equity membership fee of $25,000. Annual country club dues are $5,324 with an annual capital reserve fee of $1,420 and a quarterly food minimum of $250. Property Owners Association dues are $2,000 annually and cover 24-hour staffed security, common-area landscaping, pond maintenance, and community lighting, an exceptional value for a full-service country club lifestyle in one of Charleston's most sought-after neighborhoods.
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.
