Welcome to one of the most exceptional waterfront homes in Waterside at Cane Bay -- a true showpiece tucked away at the end of a quiet cul-de-sac with approximately 141 feet of direct lake frontage overlooking the community's expansive 350-acre lake system.Positioned on an oversized lot, this home captures breathtaking panoramic water views from one side of the property to the other a setting that is both rare and irreplaceable. Built in 2022 by the original owner, this traditional-style residence offers 2,805 square feet with four bedrooms and three full bathrooms, thoughtfully designed with the maximum amount of upgrades allowable by the builder along with extensive additional owner enhancements. Every finish and feature was intentionally selected, creating a home that is both elevated and inviting. The open-concept layout is anchored by a gourmet kitchen featuring Silestone countertops, upgraded Level 2 cabinetry, an added tall cabinet for additional storage, tile backsplash, pendant lighting, matte black fixtures, and recessed lighting. Laminate wood flooring flows throughout the main living areas, complemented by upgraded carpet in secondary spaces, ceiling fans throughout, upgraded interior paint, and Lutron smart light switches for modern convenience. A cozy interior fireplace enhances the main living space, while a dedicated study offers the perfect work-from-home environment. The bonus room with a full bath provides flexible living options for guests, recreation, or multi-generational needs. The primary suite has been beautifully customized with French doors leading to the backyard, a transom window in the bathroom for added natural light, two Pottery Barn mirrored medicine cabinets, and a frameless glass shower door creating a refined, spa-like retreat. The laundry room includes a deep sink with both upper and lower cabinetry for additional storage and convenience. Outdoor living is just as impressive. The 26x12 screened porch overlooks the water and features durable polyaspartic flooring, which continues into the attached two-car garage. The garage also includes four custom storage cabinets for organization. Exterior enhancements include a four-zone irrigation system, full gutters, an aluminum fence with three gates, storm front door, and beautifully maintained grounds that maximize the expansive lake frontage. Beyond the property itself, the lifestyle here is truly special. The sellers are genuinely sad to leave not only because of the remarkable home, but because of the close-knit cul-de-sac and the welcoming Waterside community. Residents enjoy access to a clubhouse, pool, park, boat ramp, scenic walking and jogging trails, and a vibrant golf-cart-friendly atmosphere with convenient access to restaurants, shopping, and everyday amenities just minutes away. Homes offering this level of design, waterfront exposure, upgrades, and privacy rarely come available in Summerville. With its commanding lake views, 141 feet of frontage, and undeniable wow factor, this property stands in a class of its own. This is a rare opportunity and it will not last.
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.
