100 E Respite Ln Summerville, SC 29483
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About this home
Welcome home to this stunning property in Limehouse Village located in the fantastic Dorchester 2 school district!This boutique community captures the architectural charm of downtown Charleston while offering the convenience of being just minutes from the shops and restaurants of historic Summerville. Enjoy the natural beauty of the neighborhood with tree-lined sidewalks, a gazebo, and inviting gathering spaces throughout.$1,500 contribution towards closing costs/prepaids/rate buy down with use of preferred lender.This Ashley floor plan offers 4 spacious bedrooms, 2.5 baths, and sits on one of the larger corner lots in the community. The home features a charming front porch and an upstairs piazza perfect for relaxing with your morning coffee. Step inside to a bright and airy open layout featuring a welcoming foyer, private study/flex room, drop zone, powder room, kitchen, dining, and living areas, plus a storage room and screened porch that leads to a fenced backyard. The upgraded kitchen impresses with a large shiplap island, yards of quartz countertops, white shaker soft-close cabinetry, walk-in pantry, and stainless-steel gas appliances. Upstairs, the spacious owner's retreat features a luxurious ensuite bath with a spa-style shower and dual vanities. Three additional bedrooms, a full bath, and a convenient laundry room complete the second floor. Additional upgrades include modern lighting, LVP flooring in the upstairs hallway and one bedroom, a screened porch, and a fenced yard. This home also includes a tankless water heater and is located in an X flood zone (no flood insurance required). Sellers are offering a carpet allowance with an acceptable offer. Neighborhood amenities include a community pool, park, gazebo, and walking/jogging trails. Don't miss your chance to make this beautiful home yours schedule your showing today!
Source: CTAR #25027729
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FAQs
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.
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