306 Peachtree Rd Walterboro, SC 29488
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About this home
***Ask about the possibility of receiving 1% reduction in interest rate and free refi.***Welcome to Walterboro and this spacious ranch-style home situated on over half an acre. Move-in ready and full of appealing features, this property offers comfort, convenience, and charm. From the moment you arrive, the inviting exterior, large front yard with a majestic soaring tree, lengthy driveways, and convenient carport set the tone for what awaits inside.Step into the living room where wood flooring and a large picture window provide warmth and natural light with views of the front yard. Just beyond, a versatile flex space/family room offers direct access to the carport. A few steps up lead to the dining room, where a cozy fireplace creates the perfect setting for gatherings.The kitchen is outfitted with white shaker cabinetry and modern appliances, while the spacious laundry room provides plenty of storage along with access to the covered porch and backyard. The primary bedroom includes two closets and a private ensuite bath with a tiled step-in shower. Two additional bedrooms, a full bathroom with a tub/shower, and another full bathroom with a step-in shower complete the interior. Outside, the expansive backyard with mature trees provides a peaceful retreat and ample space for entertaining or relaxing. Recent updates add peace of mind, including a new roof in 2021, a new HVAC system within the last three years, and new windows within the last year. Storage is plentiful throughout the home, making it as functional as it is welcoming. Located just half a mile from Forest Hills Elementary School, under a mile from shopping, dining, and Colleton County Medical Center, one mile from I-95, and only 2.5 miles from Colleton County Middle and High Schools, this home offers both convenience and charm. With so much to love, this property is ready to be your next home.
Source: CTAR #25025742
Neighborhood
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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.