110 Harter Dr Summerville, SC 29485
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About this home
NO HOA! This well-maintained home sits on one of the largest lots in Quail Arbor, surrounded by beautiful oak trees and outdoor features designed for relaxation and entertainment. Enjoy your own backyard paradise complete with a sparkling swimming pool, a large deck, a workshop, and a shed--perfect for gatherings, hobbies, or simply unwinding in your private retreat.Step inside through the charming flagstone entryway into a sunken formal living room, highlighted by a curved picture window and chandelier, seamlessly connected to the formal dining room. The updated kitchen offers granite countertops, a kitchen island, new appliances, and ample storage. The cozy family room features a brick fireplace and French doors leading to the backyard oasis.Upstairs, the primary bedroomincludes wood floors and dual closets, while two additional bedrooms provide generous space, ceiling fans, and abundant natural light. The second bathroom offers a large vanity and a tub/shower combo. The converted garage adds a versatile living areacurrently a "man cave" complete with a barand includes a fourth bedroom with a walk-in closet. The spacious laundry room offers extra storage and direct backyard access. Additional Info: " Majority of windows replaced in 2010 " HVAC replaced in 2012 " Hot water heater replaced in 2015
Source: CTAR #25028827
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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.