140 Longtown Place Dr Columbia, SC 29229
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About this home
Welcome to this beautifully maintained home featuring four true bedrooms plus a finished bonus room, nestled in a serene, charming neighborhood. With double front porches, this home offers the ideal spot to unwind and enjoy peaceful evenings. The entire interior has just been freshly painted and flooring was recently installed in the first-level bathroom—making this home truly move-in ready.Inside, you'll find formal living and dining rooms with hardwood floors, elegant moldings, and smooth ceilings. The spacious family room features a wood-burning fireplace, and the kitchen boasts an oversized pantry, center island, and a bright breakfast nook with bay window. Upstairs, the primary suite offers tray ceilings, a large walk-in closet, private balcony access, and a luxurious en-suite bath with a garden tub, separate shower, and water closet. Two staircases provide convenient access to the upper level, which also includes three additional bedrooms and a versatile bonus room. Enjoy outdoor living in the fully fenced backyard with a patio and raised garden bed. Additional features include a security system, sprinkler system, and the peace of mind of a pre-listing inspection with all recommended repairs completed. Located in a community with a pool and just minutes from I-77, Fort Jackson, and downtown Columbia, this home offers the ideal blend of space, style, and convenience. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #611544
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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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