4020 Hanson Ave Columbia, SC 29204
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About this home
As seen on HGTV!!! " Like new constrcution" Welcome to 4020 Hanson Ave, a renovated gem nestled on a secluded cul-de-sac in the highly coveted Forest Acres neighborhood. There is a 2.75 FHA fixed Assumable mortgage & assumable termite bond! Just minutes away from downtown Columbia, this home offers a serene retreat with easy access to urban amenities. Walking distance to Trader Joe's. There are blinds & ceiling fans throughout (not pictured)! As you step into the foyer, you'll be greeted by a fabulous open floor plan adorned with hardwood floors and crown molding throughout. The spacious layout includes room for a formal living area, a dining room, and an additional sitting area, perfect for relaxation or entertaining guests. Oversized windows flood the space with natural light, creating a warm and inviting atmosphere. Prepare to be wowed by the sleek, kitchen featuring newer appliances, including a dishwasher, gas stove, microwave, & refrigerator. Ample cabinet storage ensures that everything has its place, while the oversized island with granite countertops provides both extra workspace and a cozy spot for casual dining. The living room exudes comfort and charm, boasting recessed lighting and a cozy gas-log fireplace flanked by built-in shelves. Adjacent to the living room, the dining area offers plenty of space for family meals or dinner parties. Retreat to the primary bedroom, which easily accommodates a king-sized bed & a sitting area, creating a private sanctuary within your home. Dual closets, dual vanities, and a separate linen closet provide ample storage space, ensuring a clutter-free environment. Step outside to discover a generous yard, offering plenty of space for outdoor activities and relaxation. A brand new sprinkler system ensures that your lawn stays lush and green year-round, with minimal effort on your part. This home underwent a complete renovation in 2021, down to the studs, ensuring modern comforts & peace of mind for its occupants. Don't miss out on the opportunity to make this exquisite property your own. Schedule your showing today and experience the epitome of Forest Acres living! Disclaimer: CMLS has not reviewed and, therefore, doe
Source: COLUMBIASC #613309
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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.