2553 Cozy Cove Dr York, SC 29745
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About this home
Nestled on a private 1.96-acre corner lot, this custom full-brick home has all the features you have been searching for! Grand 2-story entry welcomes you inside, leading to beautiful hardwood floors throughout the main level. There is a formal dining room for gatherings plus a dedicated office space. A spacious great room sits at the heart of the home, creating an effortless flow for entertaining. The white kitchen is a chef’s dream, complete w/quartz countertops, a large island & stainless steel farmhouse sink. The main-level primary suite is a true retreat, featuring vaulted ceiling, abundant natural light, a renovated bath w/granite & custom walk-in closet. Front & back staircases allow easy access to upper level w/three generous BRs, a bonus room, plus cozy loft. Outside you'll find a covered back porch overlooking a sprawling backyard, complete w/a firepit & tree-lined yard. Three car garage. Located in an exclusive Lake Wylie waterfront community with the flexibility of no HOA. Hardwood floors to be refinished with color of buyer choice with acceptable offer (ask LA for more details).
Source: CANOPYMLS #4220785
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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.