Cul-de-Sac Home Mere Minutes from Base & Airport | Screened-In Porch | Walk-In Closets | Private YardSituated on a quiet cul-de-sac in North Charleston, this thoughtfully designed single-story home offers the perfect blend of comfort, convenience, and everyday functionality. Ideally located just minutes from Charleston International Airport and Joint Base Charleston, you'll enjoy easy access to work, travel, and all the dining, shopping, and entertainment the area has to offer.A welcoming front porch sets the tone as you enter the open-concept living space featuring cathedral ceilings, a cozy fireplace, and dual ceiling fans for year-round comfort. The living area flows seamlessly into the dine-in kitchen, offering a functional layout ideal for both everyday living & entertaStep outside to a screened-in porch, perfect for enjoying Charleston's beautiful weather, and overlooking a private backyard enhanced with added landscaping and greenery. The yard offers the opportunity to complete a fully fenced in space if desired, with neighboring fencing already in place. The split floor plan provides both comfort and privacy. The primary suite, located to the right of the home, features a soaking tub, separate walk-in shower, and two walk-in closets for flexible storage. The laundry room is conveniently located just off the primary suite and provides direct access to the two-car garage, with washer and dryer included for added convenience. On the opposite side of the home, you'll find two additional bedrooms, each offering their own walk-in closets, along with a shared full bath and a linen closet -ideal for guests, family, or a home office setup. Close to Boeing, 1-26 and I-526
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.
