407 Crescent River Rd Lexington, SC 29073
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About this home
Step inside this beautifully maintained home located in the desirable Lexington One School District, known for its award-winning schools. The popular Winchester floor plan offers the perfect blend of space, style, and comfort.From the moment you enter, you’ll be greeted by a stately front entrance and a wide, welcoming foyer with gleaming hard floors that flow throughout the main living areas. Expansive architectural windows fill the home with natural light, highlighting the attention to detail and craftsmanship throughout.The foyer opens to an elegant formal dining room ideal for gatherings and special occasions. The heart of the home is the spacious great room, featuring soaring coffered ceilings, detailed trimwork, and a cozy fireplace that creates the perfect setting for relaxing or entertaining.The open-concept kitchen is a chef’s delight, complete with a large island that seats several, gas cooking, and a generous pantry for all your storage needs.The private primary suite serves as a true retreat with a massive walk-in closet and a spa-inspired bath offering dual vanities, a garden tub, and a separate shower. Two additional bedrooms on the main level share a stylish full bath.Upstairs, the large FROG provides versatile space perfect for a playroom, home office, or media room. Step outside to enjoy the back porch area, ideal for grilling, entertaining, or simply unwinding after a long day.This home combines elegance, comfort, and function in one of Lexington’s most sought-after communities. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #619164
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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.