480 Oak View Way Summerville, SC 29483
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About this home
Elegant Home with Wooded Privacy and Resort-Style AmenitiesThis beautifully appointed home offers a blend of privacy, luxury features, and access to exceptional community amenities.The main floor welcomes you with a formal dining room and flows into an open kitchen featuring a very large, oversized island, stainless steel appliances, and a gas range. The living room centers around a cozy fireplace, and you can step out to relax on the screened porch overlooking protected woodlands and an HOA green space, ensuring wonderful privacy.The luxurious owner's suite on the main level is a true retreat, boasting a large walk-in closet, dual vanities, and a separate tiled shower and garden tubtile floors and a tiled shower. A convenient drop zone is located between the garage entrance and the owner's suite, and a powder room (half bath) is strategically placed for guest privacy. Upstairs, you'll find a spacious loft area, perfect for a game room or secondary living space. There are also four large bedrooms and two full bathrooms, along with the laundry room. A special highlight is the balcony off one of the upstairs bedrooms, complementing the double porches that offer beautiful wooded views across the street. The stairs feature attractive hardwood treads. This home includes 3.5 bathrooms in total. Community & Location This property is situated in a sought-after community known for its tree-lined streets and beautiful, majestic live oaks. Enjoy fantastic recreational opportunities including access to one pool (with a second pool planned by the developer), and a protected nature conservancy with miles of trails for walking, biking, and a pond stocked for fishing. This home provides the perfect blend of sophisticated living and a vibrant, nature-filled community.
Source: CTAR #25026259
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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.
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