24 Mauser Dr Lugoff, SC 29078
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About this home
Looking for a beautiful CUSTOM BUILT home? This is the ONE! This ALL BRICK home has great curb appeal with sidewalks & you are greeted with a large inviting covered front porch with columns. The craftsmanship of this home is impressive with lots of natural lighting- crown molding, tray inlay, over 12ft ceilings in main living areas with recessed lighting, hardwoods throughout most living space, fireplace with brand new gas logs, cathedral ceiling, wainscoting, crown molding & more! The Spacious Owners suite has over 12 foot ceilings with tray ceiling, recessed lighting walk-in closet, private bath with double sinks, jetted tub & separate shower. There are two additional full size bedrooms located on the main level on the opposite side of the home that share a bathroom. The second level has a fourth bedroom with private half bath & walk in closet. Enjoy family & friend gatherings on the back deck! Spacious backyard & this home has a full sprinkler system! Located just minutes from Lugoff/Elgin schools & 25 minutes to Fort Jackson, Columbia Shopping/Dining & is in close proximity to nearby parks. NO HOA! This home qualifies for no money down option with rural housing USDA! Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #620674
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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.