115 Pipestone Dr, Summerville, SC 29485
4 beds · 2 baths · sqft
115 Pipestone Dr, Summerville, SC: A Modern Oasis in an Established Community, No HOA!Welcome to this beautifully updated 4-bedroom, 2-bath home located in the desirable Dorchester County. This well loved property combines modern upgrades with the charm of an established community, offering both comfort and convenience. With NO HOA, this home gives you freedom to make it truly your own.Key Features: Upgraded Kitchen: Enjoy preparing meals in your modern kitchen featuring stunning quartz countertops, a new sink and fixtures, and luxury vinyl plank flooring that extends into the living room for a sleek, cohesive look. Freshly Updated Living Spaces: The living room has been given a fresh, modern touch with new luxury vinyl flooring and fresh paint. Thedownstairs ceilings have been upgraded from popcorn to smooth, adding to the home's contemporary feel. " Master Suite Renovation: Step into your fully remodeled master bathroom, featuring brand-new plumbing, a sleek, new tub/shower combo, and fresh paint. The master suite is your own private retreat. " New Windows Throughout: Feel at ease with brand-new windows installed throughout the home in July 2023, bringing in ample natural light and energy efficiency. " Outdoor Living: Relax in your fully fenced backyard, which backs up to serene woods for added privacy. The pergola offers a perfect spot for outdoor dining or lounging, while the extra driveway pad provides additional parking or storage. " Upstairs Updates: The upstairs bathroom has been upgraded with a new quartz countertop and fresh paint, offering a modern, fresh look for family or guests. This home offers an unbeatable combination of modern updates, privacy, and no HOA restrictions, all in a quiet, established neighborhood. Don't miss the opportunity to make 115 Pipestone Dr your next home!
Source: CTAR #24027244
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24027244
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: #24027244
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.