Welcome to this beautiful 3-bedroom, 2.5-bath home perfectly positioned between the neighborhood pond and green space in the highly desirable Mixson community of Park Circle.Step inside to an inviting open floor plan where your eyes are immediately drawn to the spacious kitchen featuring a large island overlooking the dining and family room, a 5-burner gas stove, stainless steel appliances, crisp white cabinetry with gold hardware, and plenty of space to gather. Whether you're entertaining guests or enjoying a quiet night in, the seamless flow between kitchen and living areas makes everyday living effortless.Upstairs, the spacious primary suite offers a peaceful retreat, complete with a large ensuite bathroom featuring dual vanities, a walk-in closet, and an oversized shower.Two additional bedrooms provide flexibility for a guest room, nursery, home office, or workout space. A second full bathroom is conveniently located nearby. Living in Mixson means enjoying a lifestyle that's hard to beat. Take advantage of beautifully maintained green spaces, dog friendly stations, and scenic walking areas throughout the neighborhood. Start your mornings with a short walk to the local coffee shop in the neighborhood, then spend the afternoon relaxing in a cabana at the Paradiso Social Club pool while enjoying food and drinks delivered right to your lounge chair. When you do venture out, you're in the heart of Park Circle just minutes from the largest inclusive playground on the East Coast, vibrant restaurants and coffee shops, the Navy Yard, local breweries, and only 15 minutes from downtown Charleston, Daniel Island, & Mount Pleasant. This home offers not just a place to live, but a thriving community and lifestyle you'll love. Current owner is a licensed real estate agent.
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.
