510 Gibson Forest Dr Lexington, SC 29072
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About this home
Come discover this updated 3-bedroom, 2-bath home with room to host, relax, and enjoy, all within 1600 square feet of easy to maintain space. 510 Gibson Forest Drive is in the heart of Lexington where you’ll find yourself minutes from local shopping and dining, Gibson Pond Park, natural trails, and fun at Lake Murray. A charming covered front porch welcomes you in, and a FROG, 2-car garage, and rear patio add everyday convenience and outdoor enjoyment. The home has undergone several updates including kitchen renovations, updated LVP flooring, fresh paint throughout, and primary bath upgrades. Inside, the bright, open living room boasts soaring ceilings that create an airy, expansive atmosphere flowing seamlessly into the large, updated eat-in kitchen. The kitchen shines with new quartz countertops, a tiled backsplash, stainless steel appliances, and upgraded cabinetry. The primary suite is privately tucked at the rear of the home and features well-maintained carpet, two walk-in closets, and a refreshed ensuite with a new double vanity and updated flooring. At the front of the home, two additional bedrooms include plush carpeting, their own walk-in closets, and share a full hall bath with a tub/shower combo. Upstairs, the roomy FROG adds valuable flex space ideal for a home office, guests, playroom, storage, and so much more, maximizing every inch of square footage. A full-sized laundry room rounds out the interior. Outside, you can relax or entertain rain or shine from the covered patio, and enjoy the expansive yard space and mature foliage. This move in ready home is ready for you- schedule a showing today! Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #619790
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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.