137 White Pine Way Summerville, SC 29485
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About this home
This nicely maintained and updated Craftsman-style home is located in the desirable Cottages at Gahagan community in Summerville. Offering three bedrooms, two bathrooms, and an appraisal in hand at $400,000, this property combines charm, comfort, and modern updates.From the street, the home boasts immense curb appeal with a winding driveway, mature shade trees, and a welcoming full front porch. Inside, you'll find a bright, inviting living area featuring hardwood floors, crown molding, and a cozy fireplace.The kitchen is designed for both everyday living and entertaining, with a center island, ample cabinet space, and plenty of outlets for all your gadgets. The cheerful breakfast nook is the perfect spot for casual meals, while a large wood deck out back offers an ideal space for summer barbecues, overlooking a peaceful, landscaped yard. Two nicely sized secondary bedrooms feature luxury vinyl plank flooring for easy maintenance and generous closet space. A full bathroom and a tiled laundry room with storage cabinets serve these rooms and guests with ease. Upstairs, the primary suite is a true retreat, with soaring vaulted ceilings, hardwood floors, and abundant natural light. A versatile nook provides space for a vanity or sitting area, leading to the walk-in closet with built-in shelving and a mini-split HVAC unit. The en-suite bath offers a relaxing soaking tub and separate shower. Nestled in a quiet, established community just minutes from Historic Downtown Summerville, this home is move-in ready and waiting for its next chapter. Schedule your showing today!
Source: CTAR #25026108
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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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