328 Firewheel Ct Summerville, SC 29486
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About this home
Welcome to the desired Fulton Floor Plan, complete with six bedrooms, loft, office, and a screened porch which backs up to a beautiful pond. As you step in you'll find a bright foyer and a welcoming study with glass French doors. There is a beautiful formal dining room that opens to the family room that is perfect for both work and entertaining. This layout was thoughtfully designed for modern living. The stunning kitchen boasts white cabinets, a subway-tile backsplash, white quartz countertops, a counter-height island and stainless steel gas appliances, all flowing into the breakfast nook and family area. There is a bedroom / mother in law suite just off the kitchen. Beautiful Laminate flooring throughout the first level. Upstairs, the expansive owner's suite features a large walk-in-closet and a spa-style bath with dual vanities, separate garden tub and shower. The second level also offers four additional bedrooms, two full baths. The laundry room is located on the second level. The third level features loft and a bedroom complete with a full bath. This spacious home is ideal for growing families or guests. Additional highlights include tile floors in all full baths and the laundry room, raised vanities, crown-molding staggered kitchen cabinets, and a screened porch overlooking a serene pond setting. The home also includes a two-car attached garage, architectural roof shingles and a fully landscaped yard. Residents of Cane Bay Plantation enjoy access to walking/jogging trails, community park and dog park amenities. With easy access to nearby shopping, dining and major commuter routes, this home offers the perfect blend of upscale comfort and convenience.
Source: CTAR #25028363
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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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