117 Essex Dr Summerville, SC 29485
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About this home
Welcome home to 117 Essex Drive, a beautifully renovated colonial style home nestled in the desirable Irongate community. This 3-bedroom, 2.5-bath home has been thoughtfully updated from top to bottom -- from the welcoming front door to the charming farmhouse light fixtures and stunning 10-inch wide plank hardwood floors throughout.The attention to detail shines in every room, with fully renovated bathrooms, a custom master closet system, and countless upgrades you'll appreciate at every turn. A new roof was added in 2021, ensuring peace of mind for years to come.The first floor features a versatile layout that includes an office space or playroom, a cozy family room, and a formal dining area perfect for both everyday living and entertaining. Upstairs, you'll find all three bedrooms, including the spacious primary suite designed for comfort and relaxation. The galley style kitchen features a beautiful brick backsplash, granite countertops, gas range with a beautiful custom hood, and a wine cooler. Step outside to your private backyard oasis, complete with a sparkling pool and a new liner installed in 2020. Enjoy your morning coffee on the screened-in porch or unwind with a warm cup of tea on a cool lowcountry fall or winter evening. Every corner of this home reflects the warmth, care, and love the owners have poured into it making 117 Essex Drive truly special. Schedule your showing today!
Source: CTAR #25029583
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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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