ATTENTION! COMPLETELY REMODELED KITCHEN! Everything 100% Sparkling and BRIGHT, NEW! Just completed, the upgrades include: New Marble Counter Tops! New Stainless-Steel Appliances! New Stainless-Steel sink and fixture! New Cabinets and hardware! Beautiful new recessed lighting! New Paint! This Spotless Home is in MOVE IN CONDITION! Our 3-bedroom, 2 full bath raised beach home in the very desirable South Strand Community of Salters Cove offers plenty of room for family vacation or full-time residence! Conveniently located East of Highway 17 Business at the South end of Garden City Beach, you're an easy walk to the white sand or the large community swimming pool and deck! One of the best club house facilities offers great space for parties, celebrations etc! This home has an open floor plan that is bright and spacious, and a brand new extra-large treated lumber deck offers plenty of room for family and friends to enjoy the outdoors! Downstairs there is a completely remodeled locking storage room that would make a great shop or craft room and provides loads of storage for law and garden tools, beach supplies etc.! Loaded with recent upgrades including New Roof, October 2025, New Deck and Stairs August 2025, New Paint Interior and Exterior October 2025, New Epoxy Floor Paint under home and in storage room, October 2025, the entire Exterior has been Recently Power washed and painted! Newer HVAC system, Newer Rain Gutters and down spouts, Recently Updated Bathrooms, etc.! This SPOTLESS home is in MOVE IN Condition! Salters Cove residents also enjoy some of the lowest HOA fees along the entire Grand Strand! If you're looking for a great, close to the beach home along the South Strand, don't miss this beauty! Square footage not guaranteed, buyer responsible for verification.
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.
