1124 Spring Rd Lugoff, SC 29078
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About this home
BACK ON THE MARKET!!! Stunning 4-bedroom home on 2.77 acres with pool, pool house & Detached shop: Welcome to your private retreat! Nestled on 2.77 acres in a quiet,desirable area this 4 bedroom, 3.5 bath home offers the perfect blend of comfort, space, and convenience-without the restrictions of an HOA. At the heart of the home is the open kitchen, designed for both function and gathering, with plenty of space for cooking, dining, and entertaining. Just off the kitchen, the bright sunroom provides the perfect spot for morning coffee or to unwind with family. The highlight of the home is the expansive owner's retreat, designed as a true sanctuary. It features a spacious sitting room,a spa-like bath with soaking tub and separate shower, a built-in walk-in closet, and even a private office-perfect for working from home or quiet relaxation. The thoughtful floor plan offers generous living spaces, while the 4 bedrooms and 3.5 baths provide room for everyone. Step outside to your backyard paradise featuring a sparkling in-ground pool and pool house complete with his-and-hers changing room and half baths. The detached garage/workshop offers endless possibilities for hobbies, storage, or extra vehicles. With wide-open space, mature surroundings, and a peaceful setting, this property offers the freedom and lifestyle you've been searching for. This is more than a house-it's a lifestyle! Don't miss your chance to own this unique property! Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #617563
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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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