1150 Culpepper Cir, Charleston, SC 29407
4 beds · 2 baths · sqft
1150 Culpepper Circle is a lovely 4-bedroom, 2-bathroom home in the highly sought-after Charlestowne Estates I subdivision that offers both modern upgrades and an unbeatable location! This charming tri-level home has had all of the major items taken care of including roof 2017, windows 2017, upstairs HVAC 2019, downstairs HVAC 2020, all new ductwork installed in 2021, a complete kitchen renovation in 2023, and all interior doors were replaced in 2023.Enter the second level through the front door into a spacious foyer with a brightly lit formal living room on your right that leads to the formal dining area and the newly renovated kitchen, which includes a large center island with seating and a built-in microwave, all new stainless steel appliances and lovely quartz countertops.The open concept kitchen connects to the casual family room with a wood burning fireplace and provides access to the spacious back patio, which acts as an extension of the living space most months out of the year. Step down from the casual living space onto the first level where you will find access to the 2-car garage, one of the full bathrooms, and a bonus room that the current owners utilize as a guest bedroom/office space. Back up to the second level and on up to the third level, you will find the second full bathroom, and three spacious bedrooms with tons of natural light. Conveniently located less than 5 miles from downtown Charleston and just a few steps from Charlestowne Landing State Park, which contains miles upon miles of beautiful walking/running paths. Other features include a large, private and fenced-in back yard, X-Zone, and in the original attendance zone for Orange Grove Charter Elementary School. (Students must apply online or in person prior to the lottery. Original attendance zone students are placed higher up in the lottery than out of zone students.) Don't miss this opportunity to own a stunning home in one of the best locations in town!
Source: CTAR #24029376
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24029376
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: #24029376
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