Turnberry Place is where Southern charm meets practical living! Nestled within a highly desirable Bluewater Bay neighborhood featuring a charming community gazebo and green space, this beautifully designed 4-bedroom, 2.5-bath home offers 2,669 square feet of functional living space. The spacious living room welcomes you with soaring vaulted ceilings, abundant natural light, and a cozy gas fireplace, creating an inviting atmosphere for everyday living and entertaining. The thoughtfully designed floor plan features a spacious primary suite on the main level, complete with a newly updated spa-like bath and expansive walk-in closet. Upstairs, you'll find generously sized secondary bedrooms, a newly renovated full bath, and a versatile loft space perfect for a home office, play area, or reading nook. The open-concept kitchen flows seamlessly into the large eat-in dining area, living room, and screened porch, creating the ideal indoor-outdoor lifestyle while showcasing peaceful, tree-lined views. Enjoy bug-free outdoor living year-round from the screened porch overlooking a serene backyard with no homes behind--just nature and walking trails. Additional highlights include newly updated lighting, a NEW roof (2026) , NEW water heater (2026), fresh paint throughout, and easily accessible walk-in attic storage from an upstairs bedroom--no ladder required. With extensive updates, beautiful surroundings, and a sought-after Bluewater Bay location, this home truly has it all! beautiful surroundings, and sought-after Bluewater Bay location, this home truly has it all.
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.
