With just one owner, this number one buyers choice, Cassidy floor plan is to die for. 4 spacious bedrooms 2.5 bathrooms and almost 3,000 square feet. With quality being at the builders forefront, the board and batten hardy plank siding gives off a luxury coastal design that's perfect for this large lake front lot. Inside you're greeted with classic wood luxury vinyl plank flooring throughout the main living areas. The room to left of the front door is what we like to call multi-purpose. One may choose to call it an office while another would use it as a formal dining room. Oversized crown molding, and custom judges panel trimmed walls takes this room from builder grade to extraordinaire. The options are endless so make it work for your needs. Venture further inside into the vast open floorplan with a large eat-in kitchen, and a spacious living room perfect for hosting. The kitchen is equipped with stainless steel appliances, granite countertops, and the ever-so popular farmhouse sink. The owners suite of expansive size is on the first floor providing complete privacy from the additional bedrooms. Inside is equipped with a dual vanity and large tile walk-in shower with a bench. Upstairs you will find the additional 3 bedrooms and an XL loft. Just another area to design and utilize as you please. This home takes advantage of every bit of square footage. What would have been an unfinished attic space in the 4th bedroom, is actually an extra bonus room perfect for an in-home gym or extra storage, making this the third multi-purpose area in the home. It gives each and every buyer the freedom to make it fit their every day to day needs. Outside the fenced in backyard overlooks the large neighborhood lake embracing full serenity. A home like this is about so much more than just its 4 walls. It's about the lifestyle waiting outside your front door in one of Moncks Corner's most sought-after communities. Where convenience and charm come together, the neighborhood amenities are just the beginning of what takes this home over the top. As if a short golf cart ride to your favorite restaurants, salons, grocery stores and so much more wasn't enough let's talk about the kids. How convenient for your kids to be able to ride their bikes to Foxbank Elementary, right in their very own neighborhood. Use the time saved on travel for quality time at one of the multiple pools, playgrounds, trails, or fishing and scenic views of the community lake. A beautiful home in a convenient neighborhood just 10 minutes to the public boat landing on the Cooper river and a list below to top locations. A home of this magnitude is a place to slow down, connect and enjoy the moments. Schedule a showing today. 15 minutes to Goose Creek 15 minutes to Summerville 15 minutes to Nexton 20 minutes to Naval weapon station 1 hour to the ocean/beach 40 minutes to downtown Charleston
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.
