1142 Marquis Rd, North Charleston, SC 29405
3 beds · 2 baths · sqft sqft
Welcome to 1142 Marquis Road, a charming home with great character, nestled in the highly desirable Park Circle neighborhood. With its classic appeal and family-friendly size, this home is perfect for anyone looking to settle in one of Charleston's most vibrant communities.The inviting Charleston-style front porch is the perfect spot to relax and enjoy the peaceful ambiance of this neighborhood. Inside, you'll find original heart-of-pine floors and three cozy wood-burning fireplaces that add warmth and charm to the space. The spacious living areas offer plenty of room for family gatherings, and the expansive den is ideal for relaxing or entertaining guests.Upstairs, is a bright and airy window-lined bonus room, a perfect space for productivity or creative inspiration, it offersbeautiful views and a serene atmosphere. Or step into the bathroom that features a luxurious Jacuzzi-style bath/shower, a tranquil space to unwind after a busy day. Park Circle is a thriving neighborhood known for its mix of historic charm and modern convenience. The area boasts tree-lined streets, local parks, tennis courts, playing fields, and a community pool, providing plenty of recreational options for families. Located just minutes from downtown Charleston, this neighborhood is experiencing a revitalization, with numerous new shops, restaurants, and local businesses popping up nearby. Enjoy easy access to local parks, tennis courts, playing fields, a community pool, and the beautiful Riverfront Park. The location also offers convenient access to major highways, making commuting a breeze. Whether you're seeking a home to enjoy for years to come, or an investment property in a neighborhood poised for long-term appreciation, 1142 Marquis Road offers tremendous potential.
Source: CTAR #24028631
Source: CTAR #24028631
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: #24028631
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.