Nestled on a quiet cul-de-sac just steps from Pitt Street Bridge, this turnkey Old Village home offers one of the most compelling combinations of price, location, and quality in all of Mount Pleasant. Recently reimagined with a brand new kitchen and thoughtfully redesigned floorplan, 930 Richter Way features 4 bedrooms, 3.5 baths, and approximately 2,200 square feet of beautifully updated living space--blending modern functionality with timeless Old Village charm. Entering through the large front porch and wooden double doors, you're welcomed into a bright, open-concept living space centered around the newly renovated kitchen.Designed with both everyday living and entertaining in mind, the kitchen features a new AGA induction oven, top-of-the-line stainless appliances, a separate beverage center, drawer fridge, and an expansive island, all seamlessly connected to the main living and dining areas. The main floor is an entertainer's dream--whether serving drinks from the wine bar, gathering around the oversized island, or flowing effortlessly onto multiple porches for indoor-outdoor living. A central dining area offers a cozy yet elevated space for meals, while the adjacent living room is anchored by a beautifully updated wood-burning fireplace. Tucked away on the main level, the spacious primary suite offers room for a king bed and dual closets, along with a beautiful bathroom featuring a walk-in shower, double vanities, and abundant storage. Private patio access adds a quiet, secluded feel. Upstairs, a guest suite with its own renovated bath and walk-in closet opens to an upper porch with subtle ocean peeks. Two additional bedrooms and a fully updated bathroom complete the second floor. Outdoor living is equally inviting, with a large back deck, patio, yard, and gardening/tool shed--all within a fully fenced setting. Extensive updates throughout include recent HVAC systems, a remodeled primary suite, roof, copper gutters, and more--making this home truly move-in ready. Located just a short walk to Pitt Street Bridge, Alhambra Hall, and the shops, restaurants, and wine bars along Pitt Street and Coleman Boulevard, this home embodies the ease of the Old Village golf cart lifestyle--minutes to Shem Creek, Sullivan's Island, and downtown Charleston.
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.
