Some homes check boxes. This one sets a mood. Tucked against a wooded backdrop that frames every window with green, this well-maintained two-story home at 8637 Madelyn Street delivers the rare combination of quiet, private living and genuine everyday convenience - without the compromise.Step Inside: Open, Comfortable & Ready for Real Life.The main level welcomes you with an open living and dining layout designed for the way people actually live - room to breathe, space to gather, and a natural flow that connects seamlessly to both the kitchen and the backyard. Hosting a dinner party or a casual weeknight meal feels equally effortless here. The kitchen keeps up with the lifestyle, offering the features buyers expect: ample cabinet storage, and an efficient layout that makes cooking apleasure rather than a chore. Upstairs: Your Own Retreat. The primary suite delivers exactly what it should - a walk-in closet and a private bath that keeps the morning routine running smoothly without competition. Two additional bedrooms offer the flexibility every household needs: a guest room, a home office, a nursery, or all three over time. A full bath serves both rooms, and everything you need is right where you are. Smart Storage, Practical Parking. A one-car attached garage keeps your vehicle protected and provides direct entry into the home. When you need more space, additional attic and garage storage have you covered - no storage unit required. The Location: North Charleston's Sweet Spot. 8637 Madelyn Street puts you minutes from Northwoods Community Park and the broader recreation corridor that makes this part of North Charleston so livable. Top-rated schools, major shopping, and a wide range of dining options are all within easy reach. Commuters will appreciate the quick access to I-26 and I-526, connecting you to downtown Charleston, Mount Pleasant, and Joint Base Charleston in any direction - making this an outstanding fit for military families and veterans navigating the greater Charleston area. Private, polished, and move-in ready - this one rewards the buyer who takes the time to see it in person.
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.
