208 Riverwalk Way Irmo, SC 29063
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About this home
NO HOA!This single-family home offers approximately 1,680 square feet of living space with three bedrooms and two bathrooms. The home features a spacious layout with hardwood flooring throughout the main living areas, creating a warm and inviting atmosphere. The abundant natural light that floods the interior enhances the sense of openness and airiness.The kitchen is well-equipped with ample cabinetry, providing plenty of storage space. The tile flooring in the kitchen and bathrooms adds a touch of elegance and durability. The primary bedroom is spacious, offering ample room for furnishings and a generously sized en-suite bathroom with abundant vanity space.The home's exterior showcases a spacious porch that overlooks the scenic woodland views, allowing residents to enjoy the tranquil, private setting. The wooded lot provides a serene and natural backdrop, while the elevated deck offers an ideal spot to take in the serene surroundings. The large backyard provides ample space for outdoor activities and entertainment.Recently updated with fresh paint and new countertops, this home is well-maintained and move-in ready. The property is located within the Lexington Richland 5 school district. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #618743
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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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