Welcome to this stunning, turn-key residence in Northeast Columbia's premier master-planned community, Lake Carolina. Built in 2022, this all brick meticulously maintained home features 5 bedrooms and 4 full bathrooms across a generous 3,300+ square feet. Upon entering, you are greeted by an elegant formal dining room, setting a sophisticated tone for holiday hosting and special gatherings. The entryway flows seamlessly into the airy, light-filled heart of the home—a magnificent great room where a cozy fireplace serves as a striking centerpiece framed by elegant, custom built-in shelving. This open-concept living space connects effortlessly to the oversized chef’s kitchen, which features a premium gas range, a streamlined workflow, and a massive central island that offers abundant prep space and bar seating. Tucked away on this main level is a private, full in-law suite complete with a dedicated full bathroom, making it ideal for multi-generational living or hosting long-term visitors.Upstairs, the oversized master suite serves as your personal sanctuary. This massive bedroom easily accommodates a king-size set along with a private sitting area, offering a peaceful escape at the end of the day. Three additional spacious bedrooms on this level ensure plenty of room for family, guests, theatre, or a dedicated home office, giving you a total of 5 bedrooms and 4 full baths throughout the home.Your living space extends outdoors to a beautiful, covered deck. Perfect for morning coffee or alfresco dining, the deck overlooks a lush yard with a rare and highly desirable perk: no backyard neighbors to interrupt your peace, quiet, and beautiful, unobstructed backdrop.This premier neighborhood offers an unparalleled lifestyle, keeping you just moments away from the shops at Harborside Town Center, a 200-acre freshwater lake, 30 miles of trails, community pools, and the neighborhood YMCA. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
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.
