200 Oglethorpe Cir Moncks Corner, SC 29461
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About this home
Discover the charm of Spring Grove in this former Cypress Manor model home where timeless design meets modern comfort.As you cross the threshold, gleaming hardwood floors guide you into a home built for both gathering and retreat. The heart of the home is the expansive eat-in kitchen and great room, perfect for hosting everything from casual mornings to lively evenings. The kitchen itself is a chef's delight with granite countertops, an abundance of upgraded cabinetry crowned with molding, stainless steel appliances, and a walk-in pantry. An oversized island easily seats six, while the flexible floorplan allows you to use the formal dining room as an office, craft room, or even a home gym.Upstairs, the owner's suite offers a true retreat. Complete with a garden tub,tiled shower, dual vanities, private water closet, two walk-in closets, and even a linen closet. Three additional bedrooms, a second full bath, and a spacious loft provide plenty of room for family or guests. The laundry room is complete with its own linen closet. Storage is never in short supply, with another upstairs linen closet plus a generous coat/storage closet tucked under the stairs. Outside your door, Spring Grove offers a lifestyle to match the home itself. Enjoy the neighborhood pool, pavilion, dog park, and playgrounds, or take advantage of the RV/boat storage, disc golf, batting cages, soccer fields, and miles of walking and biking trails. This home isn't just a place to live it's a place to belong.
Source: CTAR #25025977
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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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