Welcome Home! This Dartford model was the model home. Boasting over 2,700 sq Ft. Designed for spacious living and versatility. Yo Its 3rd-floor loft adds a whopping 504 square feet of open space, complete with a closet, perfect for a home office, playroom, or guest suite. This area adds a flexible edge to the already generous floor plan.At the front of the home, there's a Flex space that adjoins the kitchen, ideal for use as a dining room or an office, depending on your lifestyle. The kitchen itself is U-shaped, featuring plenty of cabinets and countertop space, along with a central island and a walk-in pantry. It flows effortlessly into the family room and dining area. Plus, there's a screened porch just off the family room, perfect for relaxing and enjoying the outdoors without any bWelcome Home! This Dartford model was the model home. Boasting over 2,700 sq Ft. This home is designed for spacious living and versatility. Upon entry, you will be met with Multipoint alarm system with built in bluetooth speakers in the living room for a wonderful audio experience on movie nights. Its 3rd-floor loft adds a whopping 504 square feet of open space, complete with a closet, perfect for a home office, playroom, or guest suite. This area adds a flexible edge to the already generous floor plan. At the front of the home, there's a Flex space that adjoins the kitchen, ideal for use as a dining room or an office, depending on your lifestyle. The kitchen itself is U-shaped, featuring plenty of cabinets and countertop space, along with a central island and a walk-in pantry. It flows effortlessly into the family room and dining area. Plus, there's a screened porch just off the family room, perfect for relaxing and enjoying the outdoors without any bugs. Upstairs, you'll find a spacious master suite with a large loft area that's central to the additional bedrooms, each with its own walk-in closet. The laundry room is also located on this floor for added convenience. As the builder's decorated sales model, this home is filled with premium upgrades, including a 3rd-floor loft, a screened porch, a stone veneer skirt, a 30-year architectural roof, a bay window in the breakfast nook, and raised panel cabinets with granite countertops in the kitchen. The lighting package is top-notch, featuring 28 additional recessed can lights, while the lower level boasts 5-inch hand-scraped, distressed hardwood flooring. The bathrooms and laundry room have ceramic tiles, and there's upgraded carpeting throughout, along with elongated toilets and whole-house blinds. Located in the vibrant community of Wescott Chase at Wescott Plantation, you'll be in the heart of a sought-after area with access to the top-rated Dorchester 2 schools and a soon-to-be-completed multi-million-dollar aquatic center. The location is super convenient, with Boeing, Bosch, the Joint Base, and Charleston International Airport nearby. You'll also be within easy reach of a wide range of shopping and dining options. It's a home that combines comfort, convenience, and a touch of luxury!
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.
