317 Saint James St Georgetown, SC 29440
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About this home
Nestled in the heart of Georgetown's historic district, 317 Saint James St is a charming residence that seamlessly blends classic elegance with modern comfort. Built in 1940, this spacious home offers 3,600 square feet of living space, featuring six bedrooms and five bathrooms. The interior boasts two fireplaces, adding warmth and character to the living areas. A unique design element includes a pocket door that, when closed, creates two distinct living spaces, providing flexibility for various lifestyle needs. ? Beyond the home's inviting interiors, its location offers unparalleled access to Georgetown's rich array of attractions. Just a short stroll away is the scenic Harborwalk, a four-block-long waterfront boardwalk along the Sampit River, offering picturesque views and a selection of charming shops and restaurants. History enthusiasts will appreciate proximity to the Rice Museum, which delves into the region's storied past in rice cultivation. Additionally, the renowned Brookgreen Gardens, a short drive away, presents expansive sculpture gardens and wildlife exhibits, making 317 Saint James St not just a residence, but a gateway to the cultural and natural treasures of Georgetown.
Source: MYRTLEBEACH #2508614
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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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