1422 Alden Dr Charleston, SC 29407
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About this home
Welcome to 1422 Alden Dr! Located in the highly sought-after neighborhood of Huntington Woods, this expansive 6Br/5Ba retreat is just what you have been looking for. With your own private indoor pool and hot tub, the fun will never end! The pool room is equipped with its own bathroom with shower. The first floor Master suite features views of the pool, as well as a NEW bathroom. There are two additional bedrooms and two full bathrooms on the first floor. Two car garage has newly installed W/D hookup and finished FROG above with new window unit. The completely renovated second floor features 3 bedrooms, a full bathroom, kitchenette area, and living space. -The perfect Mother-in law suite!Located minutes from shopping and dining, you will be central to everything Charleston has to offer. Homes in this coveted neighborhood rarely hit the market- don't miss your opportunity to own a piece of Charleston in a prime location- with no HOA! Home is located in original zone for Orange Grove Charter which gives priority to applicants. You must still apply to the school choice lottery.
Source: CTAR #25018474
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.