Some end units are just end units. This one is different. 9127 Parlor Drive sits on perhaps the BEST lot in all of Tranquil Hill Plantation: lush green space to the right, a gorgeous wooded backdrop, and a stunning oak tree framing the view in a way that makes you stop and take it in every single time. As the original owner, this home has been cared for with pride from day one.Inside, 1,560 square feet of thoughtfully designed space delivers the kind of floor plan that just works. A separate dining room gives you space to host properly - not just pull up extra chairs at the kitchen counter. The living areas flow naturally for everyday comfort and easy entertaining, and the layout keeps the primary suite tucked away as a true retreat.Three bedrooms, two and a half baths, and a floor plan that feels larger than the square footage suggests. Built in 2018, everything is still relatively young - systems, finishes, and fixtures without the fatigue of an older home. But the real selling point? The lifestyle. Low maintenance. Low HOA. The association handles the outdoor work so your weekends are genuinely yours. No pressure washing. No yard work. Just morning coffee on the back patio, afternoon walks along the sidewalks, and evenings that feel like an exhale. Extra parking is right beside your parking pad - practically yours when company comes! Tranquil Hill Plantation lives up to its name. This is the kind of close-knit neighborhood where you actually know your neighbors and the setting never gets old. The location delivers too. This side of Dorchester Road is booming - dining, groceries, hardware, and everyday essentials are nearly at your doorstep. Downtown Summerville is 15 minutes out. Charleston is 35. Most beaches are within 45. Low maintenance. Low HOA. Completely Lowcountry. If this lifestyle is on your radar, 9127 Parlor Drive needs to be on your must-see list.
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.
