3591 Bayou Rd, Johns Island, SC 29455
4 beds · 3 baths · 1,770 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled on a lush half acre double lot, this stunning ranch home with a separate guest house and shop offers a rare blend of privacy, natural beauty, and modern amenities, all just blocks from the Limehouse Boat Landing. With a private boat ramp into the tidal creek that leads to the Stono River and intercoastal waterway, this property is a paradise for water enthusiasts and those seeking peaceful coastal living. The main house has been thoughtfully remodeled, featuring a completely updated kitchen with high end finishes and an open, inviting layout. From the spacious living areas to the screened porch, every detail is designed for comfort and ease. Whether you're relaxing indoors or enjoying the serene outdoor space, this home is a perfect balance of luxury and tranquility.The guest house adds versatile living options, ideal for visiting friends and family or as a private office space perfect for today's work-from-home lifestyle. The expansive lot provides ample room for boat parking, and the on-site workshop is perfect for hobbies or extra storage. The property also features a concrete pad in the back with additional storage, a newly paved driveway offering parking for numerous cars and boats, and a raised bed garden that runs alongside the creek. Perfect for gardeners and outdoor lovers. A well is available to supply water to the house if desired and the home is set up for a whole house generator keeping you completely off the grid and issue free for storms. Ring cameras around the property provide added security, and the home qualifies for short-term AirBNB rentals, making it an excellent investment opportunity. The office area is equipped with a bathroom, kitchenette, and a separate entrance, making it ideal for a home-based business. A pump room/tool shed offers further convenience. With no HOA, you have the freedom to truly make this property your own. Located across the street from Charleston County Park and within walking distance to the Greenway, this home combines privacy, outdoor access, and the potential for personal and business growth. Don't miss out on this incredible opportunity! Use preferred lender to buy this home and receive an incentive towards your closing costs!
Source: CTAR #24031118
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 #24031118
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.