118 Avalon Rd, Summerville, SC 29483
3 beds · 2 baths · sqft sqft
Welcome home for the Holidays! This 3 bedroom 2 bath single story home offers an open concept, beautiful curb appeal and is located in the much sought after DD2 Schools and only minutes from the historic downtown Summerville. Don't worry about the boxes you see in the house. This just means the sellers are ready to move on to their next adventure.From the moment you walk in the front door, you are welcomed by a large entryway, and the front bedroom to your right. Continue walking, you end up in the large living room with a beautiful fireplace. Think of all the cozy nights by the fire this winter. Off of the living room, you will find your garage entrance next to the large Laundry room, a 2nd bedroom and a full bathroom. Easy access for your family and your guests.Next you will walk through your large dining area as well as the entrance to the Owner's Suite with a large walk-in closest and personal on-suite which offers you a Garden tub, separate shower, double vanity and plenty of room to move around. Heading back towards the kitchen, you will find stainless steel appliances, new faucet, new garbage disposal, an island and room for a breakfast table. Want to get some fresh air? Head out back and sit in your screened in porch which offers you protection from the rain and bugs. The home backs up to a protected tree line that offers you privacy and peace of mind. Go ahead and take a walk on the nature trail behind your home and enjoy all that Fall has to offer. With so much to offer, don't wait, come view the home and be moved in just in time to celebrate the holidays! Welcome Home.
Source: CTAR #24025996
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24025996
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #24025996
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.