109 Southlake Ct, Columbia, SC 29223
4 beds · 4 baths · sqft
Welcome Home to 109 Southlake Court! This gorgeous stately brick home in the highly sought after, gated community of Spring Valley is a must-see! It is truly move-in ready with the roof, HVAC, hot water heater, and windows all having been replaced in the last 3 years. Located on a quiet cul-de-sac near the front entrance of Spring Valley, it is easy access to get to I20 and I77. The best part is: it has a 4.5% interest assumable VA loan for those that qualify! Inside the home you'll find a grand entrance with hardwoods, a formal living room to your right, and formal dining room to your left. The nice-sized den includes a fireplace, wet bar, and built-ins. The kitchen features ample counter space with a bar, breakfast area, and updated stainless steel appliances. Upstairs you'll find the master suite with tray ceiling, ensuite bath with dual vanities, garden tub, separate shower, and huge walk-in closet. Across the way you'll find 2 guest rooms that share a bathroom with a dual vanity and a tub/shower combo. On the 3rd floor you'll find a huge playroom/man cave/media room, etc. On the lower level you'll find the perfect mother-in-law suite with a private den with fireplace and built-ins, a 4th bedroom, and private bathroom that was just completely renovated. You don't want to miss out on this gem of a home! The neighborhood of Spring Valley offers 24/7 private security paid for with your HOA dues and also Spring Valley Country Club that offers a golf course, tennis courts, pickleball, and pool available with a separate membership.
Source: COLUMBIASC #597092
Interest rate and monthly payment estimated based on public records.
Source: COLUMBIASC #597092
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #597092
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.