Experience resort-style living at its finest in the sought-after 55+ community of Cane Bay, where every day feels like a getaway. Nestled within the serene Lakes of Cane Bay, this vibrant community is thoughtfully designed for active adults seeking both relaxation and connection. Residents enjoy an exceptional array of amenities tailored to every lifestyle, including a lakefront clubhouse, resort-like swimming pools, tennis and pickleball courts, miles of walking trails. Step into modern elegance with this move-in ready, impeccably maintained home, where thoughtful upgrades and refined details shine throughout. Designed with an open floor plan and a calming palette of neutral tones, the home is enhanced by luxury vinyl plank flooring that flows seamlessly from room to room. You're welcomed through the foyer into a spacious family room that effortlessly connects to a stunning, sleek kitchen, perfect for both everyday living and entertaining. The kitchen is beautifully appointed with stainless steel appliances, crisp white countertops, built-in double ovens, and a large island that serves as the heart of the home. A charming breakfast nook completes the space, offering the perfect spot for casual dining. The expansive primary suite is a true retreat, featuring a well-appointed ensuite bath that checks every box for comfort and style. An additional bedroom and a versatile flex room, ideal for a home office, den, or guest space provide flexibility to fit your lifestyle. Unique to this floor plan, you'll find even more possibilities with a separate loft space or media room located above the attached two-car garage. With its own private staircase, this bonus area offers the perfect setting for a home theater, media room, or additional living space. Conveniently located just off US 176 and minutes from I-26, Lakes of Cane Bay provides easy access to everyday essentials, shopping, dining, and recreation. Plus, you're only 35 miles from the charm and culture of historic downtown Charleston, close enough for a day trip, yet far enough to enjoy the tranquility of home. Discover a lifestyle where comfort, convenience, and community come together seamlessly, welcome to the Four Seasons of Cane Bay.
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.
