103 Oyama Rd, Summerville, SC 29486
4 beds · 3 baths · 2,650 sqft
Get a free consultation call with an expert in the mortgage assumption process.
**BRAND NEW ARCHITECTURAL SHINGLE ROOF! $25,000 WORTH OF UPGRADES** **2.375% ASSUMABLE LOAN** Welcome to Cane Bay Plantation, the fourth largest master-planned community in the country. This lifestyle community offers a unique experience like no other, where you can conveniently hop on your golf cart to go to dinner or shopping with friends and family. As you approach the home, you will notice its incredible location in a cul-de-sac at the end, with a large front yard and elegant brick exterior with brick curbing around the landscaping.Upon entering through the front porch and door, you are welcomed by a two story foyer, scratch-resistant flooring, tall ceilings, and an abundance of natural light. To the left, there is a spacious dining room, and as you move further, you encounter an open layout concept. The kitchen is a chef's dream with custom cabinetry, a kitchen island, granite countertops, stainless steel appliances, a gas stove, and a butler's pantry for additional storage. The living room is generously sized with tray ceilings, a gas fireplace with a custom-built mantle, and smart wiring for all TVs. This home is also smart wired where you control your thermostat, front door, and garage with just a push of a button on your cell phone. The very spacious primary bedroom is on the main level and offers a luxurious retreat with tray ceilings, a large primary bathroom with granite countertops, a walk-in shower, and a large walk-in closet. Next to the bedroom is the laundry room. There has been some custom work done with custom shiplap and an added shelf as well. Upstairs, you will find four large bedrooms, one of which can serve as an additional living space or media room. The bathroom upstairs also features granite countertops for added luxury. Stepping outside through the back door, you will find an additional screened back porch added by the current owners, leading to a custom poured patio. The backyard is fully fenced with a 6-foot privacy fence, offering a wooded lot for privacy and relaxation. Enjoy the Low Country sunsets and watch your furry friends play in this serene setting. This neighborhood has a great amenity center with a play park and an olympic sized swimming pool. It also has a large field as well for additional outdoor activities. This exquisite property in Cane Bay Plantation is a rare find that combines luxury, comfort, and privacy in a one-of-a-kind neighborhood. Don't miss out on the opportunity to make this your dream home. The neighborhood is also equipped with golf cart and walking trails that stretch from the back to the front, connecting to nearby schools, restaurants, shopping centers, and grocery stores. Imagine the convenience of hopping on your golf cart and enjoying a delightful dinner with friends and family at the renowned Cane Bay Plantation. Speaking of Cane Bay Plantation, it is home to the largest YMCA on the entire East Coast, offering an impressive array of amenities such as softball fields, soccer fields, tennis courts, a basketball court, a public library, a gym, Olympic-sized swimming pools, and much more. The neighborhood also hosts food trucks every night of the week and has exciting activities during the holidays, ensuring a vibrant and engaging community atmosphere. Cane Bay Plantation is truly a one-of-a-kind neighborhood, offering an unparalleled quality of life. Don't miss the opportunity to experience the epitome of luxury living. Schedule a viewing of this remarkable home today and embark on a journey of refined elegance and endless possibilities!
Source: CTAR #25001998
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CTAR #25001998
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.