This is the one you've been waiting for! This beautiful, well-maintained home in the highly desirable community of Coosaw Preserve offers all the space you need and more. Featuring 5 bedrooms, 3 full baths, 1 half guest bath, an office/flex space, a large screened-in patio, and a fenced backyard, this home is designed for comfortable everyday living and entertaining. Even better, enjoy major savings with a paid-off solar system.This popular floor plan includes a guest suite and 1.5 baths on the main level, making it ideal for visitors or multigenerational living.A formal dining room welcomes you at the entry and leads into a spacious great room-style living area that opens to the kitchen. The kitchen features a gas stove, granite countertops, stainless steel appliances, pantry, breakfast bar, tile backsplash, and an additional dining area. You'll love the large screened-in patio overlooking the spacious fenced backyard with an added patio for outdoor enjoyment. Upstairs, the generous primary suite offers a walk-in closet and spa-like bath. Three additional guest bedrooms, a full bath, and laundry room complete the second level. Additional features include LVP flooring throughout the home and a finished garage with epoxy floors. Located in the sought-after DD2 school district, this home also offers access to community amenities including a pool, clubhouse, and more. Here's a slightly more elevated version if you want it to feel a little more market-ready: Welcome to Coosaw Preserve, where space, style, and efficiency come together in this beautifully maintained home featuring 5 bedrooms, 3 full baths, 1 half bath, an office/flex space, and a paid-off solar system for added savings. Designed with both function and comfort in mind, this popular floor plan offers a guest suite and 1.5 baths on the main level, perfect for guests or flexible living needs. A formal dining room greets you upon entry and opens into a spacious great room concept ideal for entertaining. The kitchen is equipped with granite countertops, stainless steel appliances, a gas stove, tile backsplash, pantry, breakfast bar, and an additional dining area. LVP flooring runs throughout the home, adding durability and style. Step outside to enjoy the large screened-in patio and fully fenced backyard with an additional patio space, perfect for relaxing or hosting. Upstairs, the spacious primary suite features a walk-in closet and a spa-like bath, while three additional bedrooms, a full bath, and laundry room complete the second floor. The finished garage with epoxy floors adds even more value. Set in the highly desirable Coosaw Preserve community in the DD2 school district, residents enjoy amenities including a pool, clubhouse, and more.
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.
