4985 Hay Bale Ct Summerville, SC 29485
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About this home
Enjoy living on a quiet street with no through traffic featuring a wooded buffer which provides peace and tranquility for evenings enjoyed on the back patio. Welcome to this thoughtfully designed 3-bedroom, 2.5-bath townhome that combines comfort, function, and style. The open layout features a 10-foot kitchen island, pantry, and modern finishes that make both daily living and entertaining effortless. Natural light fills the interior, and you'll find smart storage solutions throughout, including a walk-in closet in the expansive primary suite, additional storage under the stairs, and an attached garage for convenience.Upstairs, the primary retreat includes an extra-large walk-in shower, generous closet space, and even a window to brighten your day! This townhome is located within the desirable Dorchester District 2 school district and just minutes from highway access, shopping, and local dining. Downtown Charleston is only a 20-minute drive, and active duty military will appreciate the direct commute to Joint Base Charleston. The community itself offers walking and jogging trails, a pool, fitness center, and optional boat storage. If you are looking for low-maintenance living, then this is the perfect home for you. Schedule your showing today and don't miss out!
Source: CTAR #25023769
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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.