241 Mill House Ln Lexington, SC 29072
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About this home
Welcome to 241 Mill House Lane, a beautiful 4-bedroom, 4-bath home located in the highly sought-after Mill neighborhood in Lexington. This home offers a thoughtful, functional layout with hardwood floors and detailed molding throughout.As you enter, the formal dining room sits to your left with box ceiling detail The spacious kitchen is a chef’s dream with double ovens, a gas range, abundant cabinetry, pantry storage, and a bright eat-in area that opens to the family room with a fireplace.The main level also includes a private guest bedroom with access to a full hall bath—perfect for overnight visitors. Upstairs, the expansive primary suite has a large walk-in closet, a private sitting area currently used as a home office, and a private bath with tile floors, a soaking tub, and a separate shower. Bedrooms three and four share a Jack & Jill bath and there is an additional full bath located off the loft area for added convenience. The laundry room has been updated with white cabinetry and tons of counter space. Outside, you will find a fenced in backyard overlooking trees for added privacy and a back deck perfect for entertaining. Neighborhood amenities include a pool, clubhouse and playground. Zoned for Lexington One Schools including Lexington High School, Pleasant Hill Middle & Elementary School. Located minutes from Lexington Country Club for golfing, olympic size swimming pool, 7 tennis courts and banquet hall. Quick Commute to interstate. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #616783
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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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