107 Thrush Ln Summerville, SC 29485
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About this home
Welcome to 107 Thrush Lane in charming Summerville, SC! This inviting 4-bed, 2.5-bath brick home sits on a peaceful cul-de-sac in the family-friendly Oak Knoll neighborhood. Spanning 2,400 sq ft on a 0.27-acre lot with mature trees, it's perfect for growing families--offering ample space for play, work, and relaxation in the bonus room and expansive yard.Oak Knoll boasts above-average safety, walkability, and a strong community vibe with midsize homes that feel like home.Nestled in 'Flowertown' Summerville, enjoy Azalea Park, farmers' markets, historic sites, and a 25 minute drive to Charleston--blending small-town peace with city convenience.Inside, you'll find over 2,400 square feet of living space with wood flooring in the foyer, formal living, and dining rooms, plus ceramic tile in the kitchen and family room. The family room features a cozy fireplace, and the kitchen offers plenty of cabinet space along with an eat-in breakfast area. A unique feature of this home is the dual staircasesone in the foyer and one leading to the spacious room over the garage, perfect for a playroom, office, or guest suite. Upstairs, the primary suite includes a walk-in closet and ensuite bath, while three additional bedrooms provide plenty of space for family or guests. Recent updates include a new HVAC system, two new garage doors, and a new water heater, with a roof that also appears to be in excellent condition. Step outside to a private fenced backyard with a storage shed, patio, and space for gardening, entertaining, or simply relaxing. The property also features a full front porch and attached 2-car garage. Centrally located just minutes from downtown Summerville, shopping, dining, I-26, Boeing, and both military bases, this home is also zoned for highly regarded Dorchester District 2 schools. This property is being sold as-is, offering a fantastic opportunity to personalize and make it your own. Don't miss the chance to call 7 Thrush Lane your new address!
Source: CTAR #25026785
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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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