Experience Lowcountry living at its finest on 1.76 private acres overlooking the serene marshes of the Stono River. This one-of-a-kind property offers an exceptional blend of privacy, comfort, and sweeping natural beauty.Thoughtfully designed for both everyday living and entertaining, the spacious floor plan features dual primary suites on the main level, along with an expansive upstairs primary retreat showcasing breathtaking marsh and river views. A dramatic two-story foyer creates a grand first impression, leading into a generously sized dining room ideal for hosting large gatherings. The adjacent living room is equally impressive, highlighted by a stunning wall of windows that frames the picturesque landscape.The modern kitchen is a true centerpiece, designed with both function and style in mind. It features a large island with seating for six, a gas range, granite countertops, stainless steel appliances, and two oversized pantries--perfect for storage and entertaining alike. Recessed lighting and smooth ceilings complete the clean, contemporary feel. A dedicated office with built-in desk and storage is conveniently located just off the foyer. Outdoor living is simply unmatched. Enjoy coastal breezes from the remarkable 12' x 66' screened porch, or relax on the adjoining covered and open-air deck spaces. Upstairs, a spacious family room with a wet bar opens to a covered balcony overlooking the Stono River. The upper-level primary suite offers a private sanctuary with a sitting room, custom oversized closets, and its own covered deck. The luxurious en suite bath features an oversized walk-in shower and dual raised vanities with granite countertops. Recent updates provide peace of mind and modern efficiency, including a new 30-year architectural roof (2020), encapsulated crawlspace, updated HVAC systems (including a Lennox 5-ton 16 SEER unit), new ductwork, and replaced main septic line. Additional improvements include an 18' x 30' permitted metal storage building ideal for boat storage and a replaced garage roof. The beautifully landscaped grounds offer a true private retreat, complete with multiple outdoor entertaining areas such as a fire pit, pergola, patio, koi pond, and a dedicated river-view platform at the edge of the marsh. Set well back from the road, the property ensures privacy while providing a large circular driveway, ample parking, and seamless flow for guests. Additional highlights include a four-car garage and a well-fed irrigation system servicing the entire property. This extraordinary home presents a rare opportunity to own a private waterfront sanctuary, conveniently located near shopping, dining, boat landings, and area beaches.
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.
