122 Balsam Cir Summerville, SC 29485
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About this home
Welcome home to 122 Balsam Circle--a beautifully designed, spacious home offering 5 bedrooms, 3.5 baths, and a backyard made for entertaining. Perfectly situated near Downtown Summerville, this property offers the ideal blend of indoor comfort, outdoor living, and everyday convenience.Step inside and be greeted by a light-filled living room featuring 9-foot ceilings, a cozy gas log fireplace, a custom ceiling fan, and open-concept views into the heart of the home--the Kitchen. Whether you're hosting game night or a holiday dinner, there's plenty of room for a long farmhouse-style dining table to gather friends and family.The Kitchen is well-equipped with granite countertops, black appliances, a pantry, breakfast bar, and centerisland -- a perfect setup for both casual meals and entertaining. The primary suite is located on the main floor, offering a private retreat complete with an en suite bathroom featuring a garden tub, separate shower, dual-sink vanity, and a large walk-in closet. Upstairs, you'll find four oversized bedrooms, each with its own walk-in closet, along with two full bathrooms--both featuring dual sink vanities for added convenience. Storage is abundant throughout both levels of the home, making organization effortless. Step outside and you'll fall in love with the fully fenced backyard, which backs up to mature trees for added privacy. Enjoy your morning coffee on the screened-in porch, then spend evenings under the pergola on the extended concrete patio, complete with a firepit. The detached 1-vehicle garage/workshop offers space for hobbies, tools, or extra storage, while the attached 2-car garage and extra-wide driveway provide ample parking and easy access to all areas of the property. Located just minutes from Downtown Summerville, this home offers quick access to local parks, walking trails, restaurants, shops, grocery stores, and year-round community events. SAVE $$$ Monthly ~ ASK About Our ASSUMABLE HOME LOAN! Whether you're looking for more space, functionality, or a place to create lifelong memories, 122 Balsam Circle checks every box. Schedule your showing TODAY and discover everything this incredible home has to offer!
Source: CTAR #25012717
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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.