703 Hilchot Dr Summerville, SC 29486
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About this home
Welcome to Meridian of Cane Bay Plantation ! .....''SELLER is offering $3,000 in CONCESSIONS to BUYER for closing cost assistance with agreed upon purchase price between both parties...AND...SELLER is offering ''up to $800'' for a HOME WARRANTY of BUYER'S choice !''.....This one owner townhome is located on the perimeter. It boasts a screened porch and a tree buffer providing privacy. Upon entering, you will notice the garage entry door to your left, a coat closet at the entry, and the separate dining room to your right. The hallway in front of you leads to the 1/2 bath on the left, huge pantry on your left, kitchen to your right, and spacious two-story living area directly in front of you. There is a definite ''WOW'' factor! Tons of natural light, too! The kitchenboasts grey cabinetry, stainless steel appliances, and a ''conveying'' Stainless Steel refrigerator. Just off of the living area is a screened porch and rather large yard with wooded buffer. These rear yards can be fenced for additional privacy, if the new owner desires to do so. You will notice Luxury Vinyl Plank Flooring flows from the entry throughout the downstairs, with the exception of the "downstairs" master bedroom. The downstairs master bedroom is spacious and boasts a tray ceiling, ceiling fan, and great natural lighting. The master bath has a shower with custom glass doors, dual vanities, and a large master closet. As you venture upstairs, you will find the two guest bedrooms, each of which boasts a ceiling fan and a good-sized walk-in closet ! The guest bath is accessible from the upstairs landing. In the landing area, you will find an area the would be ideal for a computer desk, a study area, or a relaxing area to read a book. Also, the upstairs has a LOFT area and you will find the large laundry closet just off of the LOFT area. The LOFT is large and could be a very versatile space for a multitude of uses separate from the main living area. OH.....AND don't forget the A-mazing "Resort Style Pool", extremely popular Pickleball Court, and the Kid's Play Park complete with a Horseshoe Competition Area, all which are available to residents of The Meridian !!!!! The Meridian at Cane Bay Plantation is waiting for you to make it your "Home". Hope to see you soon !
Source: CTAR #25010696
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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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