217 Reseda Dr Columbia, SC 29223
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About this home
Beautiful move-in ready Ranch home on a Enormous lot fully fenced in. Boast a large front porch perfect for relaxing after a long day. Enjoy the spacious, naturally lit family room featuring a cozy wood burning fireplace that opens directly to the backyard blending indoor and outdoor living seamlessly. the expansive eat-in kitchen offers abundant cabinet space, large pantry and inviting bar overhang into family room ideal for entertaining. The enclosed garage presents endless possibilities as an additional bedroom, office, gym, climate controlled storage or playroom. Just off the kitchen is mud room doubles as laundry space for washer and dryer providing functionality and helping keep the home organized. The Master Suite includes a private closet and large bathroom with ample cabinet space for him and her, complimented by a modern walk in shower for comfort and style. The two additional bedrooms share a guest a bathroom featuring ample counter space and water closet that includes tub shower combo.Enjoy the benefits of a smart home-control lighting, climate, security and more conveniently from your smart phone app With an efficient floor plan, flexible living spaces and extensive outdoor opportunities, this home is truly a must have Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #620228
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.