3% ASSUMABLE RATE! Welcome to 686 Yellow Leaf Lane, an immaculate and beautifully upgraded 5-bedroom, 3-bathroom home located in the sought-after Hammocks at Cane Bay. From the moment you enter, you're greeted by a stunning entryway featuring board and batten detail, along with a spacious formal dining room currently being used as a dedicated office--perfect for working from home or a quiet flex space. This area flows seamlessly through a butler's pantry into a light-filled, open-concept living space designed for both comfort and style. This home showcases thoughtful upgrades throughout, including custom molding, upgraded lighting, and a designer-inspired chef's kitchen. The kitchen is truly the centerpiece of the home, featuring rich navy blue cabinetry, quartz countertops, and a stunning counter-to-ceiling backsplash that makes a statement. Additional highlights include stainless steel appliances, a double wall oven, and a large center island perfect for gathering. Just off the kitchen, the eat-in dining area provides even more space for everyday living and entertaining. The living area is filled with natural light and features an electric fireplace, creating a cozy focal point while overlooking your private outdoor retreat. Step outside to enjoy the large screened-in porch with a ceiling fan, an extended concrete patio, a fully fenced backyard, and peaceful pond views framed by palm trees--creating a true Lowcountry oasis. Just off the main living space, the laundry room has been thoughtfully designed with stylish tile flooring, built-in cabinetry, and a custom mudroom featuring navy blue built-ins that tie seamlessly into the kitchen, along with hooks and charming palm tree wallpaper that brings in a true Lowcountry feel. The primary suite, conveniently located on the first floor, offers a peaceful and private retreat with serene backyard views. The spa-like en suite bath features dual vanities, a walk-in closet, a beautifully tiled frameless glass shower, and a separate soaking tub. Upstairs, wood tread stairs lead to a spacious loft with custom built-ins and cabinetry--perfect for a playroom, media space, or additional entertaining area. Down the hall, you'll find four generously sized bedrooms and two full bathrooms, offering plenty of flexibility for family and guests. Storage is no issue in this home, with additional space under the stairs and built-in ceiling storage in the garage. The extended driveway and spacious 3-car garage provide plenty of room for parking and convenience. Additional features include a full irrigation system and a dual HVAC system for added efficiency and comfort. Enjoy Lowcountry living year-round in a home that is truly brimming with upgrades and thoughtfully designed inside and out. Living in The Hammocks at Cane Bay means access to resort-style amenities including two pools, playgrounds, scenic walking trails, and expansive green spaces. Cane Bay's golf cart-friendly lifestyle makes it easy to explore nearby shopping, dining, and everyday conveniences, along with the Cane Bay YMCA offering fitness facilities, sports courts, and more.
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.
