Better than new! Why wait to build when you can own this 2021 David Weekley home, still under warranty and loaded with custom upgrades you won't find in a base model. With the addition of craftsman-style molding and window trim to the stylish barn door in the primary suite, window blinds throughout, and it's upgraded for the future with fully installed solar panels for incredible energy efficiency. This desirable Midtown home is conveniently located with quick and easy access to the Parkway, shopping, and I-26. The neighborhood amenities and new middle school are just a short walk away. This floor plan features a full front porch. The room at the front of the home is a flex space for an office, playroom, or formal dining. The heart of the home is a sun-drenched, open-concept hub featuringa chef's kitchen with crisp white quartz counters, a sprawling island, and a classic tile backsplash. For your guests, the half bath is on the first floor. Whether you're working from the front-facing flex room or relaxing on the screened-in back porch, this layout lives large. Upstairs are 3 bedrooms and 2 full baths. The owner's suite is spacious, and the bath features double sinks, a large tiled walk-in shower, and a walk-in closet. Plenty of parking in the front and in the back of the home with the 2-car garage and driveway. The current home loan may be assumable at 2.5% interest rate. If you are not familiar with all Nexton has to offer, here are just a few of the reasons this community is so amazing. Nexton is an award-winning, master-planned community in Summerville, SC, designed for a modern, walkable "live-work-play" lifestyle. Located about 25 miles from Charleston, it features diverse, energy-efficient homes, 50+ parks, and over 50 miles of walking and biking trails. It is known for its resort-style amenities and close proximity to dining and shopping at Nexton Square. Showings to begin February 23, 2026.
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.
