802 S Pointe Blvd Summerville, SC 29483
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About this home
NOT only is this an ASSUMABLE with a rate of only 4.25% the refrigerator, washer, and dryer all convey! This multi-generational home in South Pointe Estates truly checks all the boxes, offering a perfect blend of beauty, function, and location. Featuring a main-level primary suite for added convenience and privacy. Upstairs, you'll find a spacious bedroom with its own ensuite bath, a generous loft/flex space perfect for a second living area or home office, plus three additional bedrooms and a full bathroom. Nestled in a highly convenient area of Summerville, the property boasts incredible curb appeal with a welcoming, landscaped front yard that sets the tone for what awaits inside.Upon entering, you're greeted by gorgeous LVP flooring, elegant crown molding, an open floor plan, and an abundance of natural light throughout the living spaces. Just off the foyer, glass front French doors lead into a bright and inviting office/formal living room, ideal for working from home or quiet relaxation. Continuing through the home, the open-concept kitchen, dining, and living area is truly the heart of the house. The kitchen features stunning quartz countertops, white shaker cabinetry, a sleek backsplash, stainless steel appliances, a gas cooktop with hood vent, a spacious pantry, and a massive island with bar seating. The dining area flows effortlessly into the living room, which offers generous space for lounging and an electric fireplace with a stylish shiplap surround. From here, step out onto the spacious wrap-around screened porch, offering serene views of the beautifully landscaped backyard. Ideal for outdoor entertaining or quiet evenings at home, this inviting space is sure to become one of your favorite spots to enjoy the Lowcountry climate. The main floor primary suite is a serene retreat, complete with crown molding, a custom walk-in closet, and a luxurious en suite bathroom with a dual sink vanity and a spa-like step-in tile shower. Also on the main level are a convenient powder room and a laundry room. Upstairs, a spacious loft provides the perfect flex space for a second living area, media room, or playroom. Four additional bedrooms, each with their own walk-in closets, offer plenty of room for family and guests. One of these bedrooms includes a private en suite bath, while a full hall bathroom with a dual sink vanity serves the others. Located just 2.7 miles from Historic Downtown Summerville, 3 miles from I-26, and 3.8 miles from Nexton Square, this home is ideally situated for both everyday convenience and weekend adventures. With its thoughtful design, numerous noteworthy features, and prime location, this is a home you won't want to miss.
Source: CTAR #25013181
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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.