458 Spectrum Rd Summerville, SC 29486
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About this home
This 5 bedroom, 3 & 1/2 bath home is an absolute showstopper with ALL the upgrades - Full brick front, enormous 9 car driveway & 3 car garage sitting on a large water view lot with screen in porch & huge grilling/lounging area! You'll enter to the separate dining room with full trim package that leads through the butlers pantry into the designer kitchen complete with full kitchen island, beautiful level 3 quartz countertops, all stainless matching appliances, pendant lighting, gas flat top stove, double in wall ovens, glass cabinets, farm sink, pantry & more!! The spacious living room has a trey ceiling with crown molding and leads to the downstairs master suite that offers the trey ceiling, dual vanities, garden tub & separate tile shower! Come see this home today. It won't last longIt doesn't end there. The home also boasts a seperate laundry room with cabinets, smooth 10ft ceilings, ceiling fans & recessed lighting everywhere, all hard flooring downstairs, crown molding throughout, wooden stairs with rod iron posts, gutters, and a fully fenced in backyard! The 5th bedroom doubles as an enormous family/media room with french doors at the top of the staircase. The 2nd bathroom is also spacious with dual vanities. Located in the desirable Magnolia section of Cane Bay Plantation equipped with golf cart and walking trails that stretch from the back to the front, connecting to nearby schools, restaurants, shopping centers, and grocery stores. Imagine the convenience of hopping on your golf cart and enjoying a delightful dinner with friends and family at the renowned Cane Bay Plantation. Home to the largest YMCA on the entire East Coast, offering an impressive array of amenities such as softball fields, soccer fields, tennis courts, a basketball court, a public library, a gym, Olympic-sized swimming pools, and much more. The neighborhood also hosts food trucks every night of the week and has exciting activities during the holidays, ensuring a vibrant and engaging community atmosphere. Cane Bay Plantation is truly a one-of-a-kind neighborhood, offering an unparalleled quality of life & luxury living - Schedule a viewing today!!
Source: CTAR #25028996
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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.