3409 Elmhurst Rd Columbia, SC 29203
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About this home
Just minutes from downtown, this 1937 charmer with recent updates, is filled with light, character, and room to grow. Wood floors run throughout, and natural light streams into every room, giving the space an inviting, airy feel. The large front living room flows seamlessly into the dining room, creating the perfect setting for hosting and entertaining. A built-in dining cabinet adds charm and practicality, while the hallway’s decorative shelving offers a place to showcase your favorite books or treasures. This 2-bedroom, 1-bath home has received thoughtful updates, blending classic 1930s character with modern convenience. Recent improvements include new windows (2024), a newer roof, vinyl siding, and updated AC and ductwork (2022), providing peace of mind and energy efficiency for years to come. The home also features a water filtration system, adding an extra layer of comfort and convenience. Inside, you’ll find a refreshed kitchen and bathroom, interior laundry, ample storage, large closets, and a covered carport that make daily living easy and functional. The oversized lot provides even more opportunities. In addition to the front garden, the backyard is a true blank canvas—ideal for expanding your garden, creating outdoor living spaces, or simply enjoying the wide-open space. With its storybook charm, modern updates, and space to put down roots (literally and figuratively), this home is a rare find just minutes from the heart of the city. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #618846
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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.