Located in a quiet private community on the Ashley River, that is without a doubt the best kept secret in North Charleston! Enter this 4+ bedroom/3.5 bath elevated Low Country style home from the large front porch with gas lanterns to a 2-story foyer & Great Room w/gas fireplace. The large windows bathe the first floor in natural light and welcome you with amazing views of the marshes & Ashley River. The main floor Owners' suite faces the back for privacy and large windows allow even more wonderful views. The suite has his & her custom walk-in closets, a large spa tub, dual sinks & tiled shower. The second floor boasts two additional bedrooms, a second master and large study/office/media room with gorgeous views of the Ashley River. Seller is a licensed South Carolina Real Estate Agent.Custom cabinetry in the gourmet kitchen, granite counter tops, island, gas range and microwave. The home was built to accommodate an elevator to 2nd and 3rd floors. Phenomenal walk-in storage throughout the second floor. Dual ground level garages with lots of space for at least three vehicles. There is also adequate space to add a mother-in-law suite or additional living space. There is plenty of room for the "toys" and space for a man cave. The garage and upper deck lead to a fabulous outdoor living space that boasts over 900 sq ft of paver deck, including two covered patios and open patio with fire pit. A perfect place to enjoy the stunning Ashley River sunsets and for entertaining friends & family. The well-manicured lawn has an irrigation system, and the house is wired for portable generator use. There is an electric invisible fence that borders both the front and back yards to keep the pets contained. This lot has breathtaking views of the Ashley River, and its marshes. The neighborhood features a community dock on Coosaw Creek for small watercraft, a playground area, pavilion, and stocked pond. It is conveniently located to the airport, shopping, dining, I-26, I-526, parks and several golf courses. All listing information solely subject to independent verification by buyer/buyer's agent.
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.
