414 Allamby Ridge Rd Moncks Corner, SC 29461
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About this home
Potential for 3.375% assumable loan with qualified buyer! If you've been searching for a home that combines space, functionality, and style, this property is sure to impress. As you approach, you'll be drawn in by the attractive exterior and the inviting charm of the front porch. From the moment you step inside, you'll notice the attractive flooring, elegant archways, and the bright, open floor plan that flows throughout. To the left of the entry, a formal living room welcomes you, while further down the hall, a formal dining room showcases a striking coffered ceiling. The heart of the home is the open family room, sunroom, and kitchen, offering a spacious gathering place for everyday living and entertaining.The family room features a cozy fireplace and connects seamlessly to a sunroom with access to the patio and fenced backyard. The kitchen is both beautiful and practical, featuring granite countertops, abundant cabinetry, a stylish backsplash, a center island, a walk-in pantry, and a butler's pantry. A sunny eat-in area provides the perfect spot for casual dining. Just off the family room, you'll find a private office space as well as a bedroom and full bathroom, ideal for guests. Upstairs, a massive loft offers endless possibilities whether you envision a media room, playroom, or second family room. The primary suite is a true retreat, complete with a sitting area, an ensuite bath with dual vanities, a soaking tub, a step-in shower, and two walk-in closets with a staged dressing area. Three additional bedrooms, a full bathroom with a dual sink vanity, and a well-equipped laundry room complete the upper level. This home is conveniently located less than two miles from Foxbank Elementary School, 7.5 miles from Roper St. Francis Berkeley Hospital, and just over nine miles from I-26. With so much to offer, this is one you don't want to miss. *Some images have been virtually enhanced/staged.
Source: CTAR #25027332
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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.