103 Ivy Terrace Rd Summerville, SC 29486
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About this home
Discover effortless Lowcountry single-story living in Nexton. Why wait to build or pay for upgrades when this home already has it ALL! Wainscoating, Crown molding, Gourmet Kitchen, Wine Bar with Refrigerator, Gas Fireplace, Deluxe Owner's Bath, Custom drop zone, Utility sink in laundry room, 3 car garage, Marble and wood flooring. Best of all, the porch was recently customized to a 4 SEASON'S ROOM with sliding glass doors and a mini-split AC system. Did I mention the water purification system? There is so much to love!Inside, light pours through a wall of windows onto the elegant details you have always wanted and expected. you and friends will make many happy memories in this fantastic home! Come see for yourself!The owner's suite is a sanctuary with its serene sitting area and spa-like bath, while a private office and custom drop-zone add daily ease. Step beyond to the extended porch, thoughtfully converted with mini splits for year-round comfort, opening to a patio designed for relaxed evenings under the Carolina sky. The patio is glassed in with new slider windows. Blending timeless finishes with modern upgrades, this home offers both soul and sophistication in a community that feels like a retreat.
Source: CTAR #25025771
Neighborhood
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.