125 Royal Creek Dr Lexington, SC 29072
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About this home
Located in the highly sought-after Royal Creek neighborhood, this stunning custom all-brick home offers beautiful updates and timeless craftsmanship. The manicured lawn is enhanced with solar lighting and palm trees, creating great curb appeal. Step inside to find gleaming hardwood floors throughout the main level. Elegant French doors open to a spacious office with built-in bookshelves, perfect for working from home plus a formal dining room. Large, great room featuring cathedral ceilings, built-in cabinetry with an entertainment center, and a cozy fireplace. The gourmet kitchen has been tastefully updated with new countertops, tile backsplash, under-cabinet lighting, and a new dishwasher. Home has neutral paint throughout and new lighting! The primary suite is conveniently located on the main floor and features a tray ceiling, his-and-her walk-in closets, and a spa-like bathroom with dual vanities, new countertops, a new soaking tub, a new tiled shower, and a private water closet. Upstairs you’ll find two additional bedrooms and a large FROG (fourth bedroom) plus a walk-in storage area with built-ins. New tankless gas hot water heater and plantation shutters. Enjoy outdoor living on the screened porch or Trex deck overlooking a private, beautifully landscaped backyard. Located just off Hope Ferry Road, this home offers easy access to I-20, downtown Lexington, and is zoned for award-winning River Bluff schools. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #620723
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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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