Welcome to modern lowcountry living in the highly sought-after Pine Hills section of Cane Bay Plantation. This meticulously maintained newer construction single story home sits on a desirable corner lot, offering extra privacy and curb appeal that truly stands out. Perfectly positioned for first-time buyers or those seeking an active family lifestyle in Summerville, this 3-bedroom, 2-bathroom residence combines a functional layout with a ''better than new'' feel. The heart of the home is a bright, open floorplan that creates an inviting atmosphere for both daily living and entertaining. High-end touches are evident throughout, from the remote-controlled ceiling fans installed in every room for year-round comfort to the professionally painted garage, which offers a clean, finished look. The interior has been kept in pristine condition and offers LVP flooring throughout, ensuring a move-in-ready experience for the next owners. Additionally, the property maintains annual termite/pest control. The outdoor living space is equally impressive. The corner lot is fully enclosed by a premium cedar fence with gates on both sides, providing a high-quality, durable backdrop for backyard gatherings or a safe space for pets and play. Living in Pine Hills at Cane Bay means your home extends far beyond your property line. Residents enjoy access to world-class community amenities including two resort-style pools--one featuring a two-story water slide--a playground, extensive walking and bike trails, and an outdoor pavilion with a community fireplace. Strategically located, you are just minutes away from top-rated Cane Bay schools, local shopping at The Hub, and the recreational opportunities at the nearby YMCA. This property represents an incredible opportunity to own a well-maintained, feature-rich home in one of the Lowcountry's premier master-planned communities.
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.
