120 Jersey Ln, Columbia, SC 29209
3 beds · 3 baths · sqft sqft
Welcome to your new home in Burnside Farms! Conveniently located near Fort Jackson. Step into this beautifully maintained home, featuring 3 bedrooms and 2.5 bathrooms, where comfort meets elegance. The open-concept living and kitchen area is enhanced by stunning granite countertops and stainless steel appliances, including an upgraded quiet dishwasher. Throughout the home, crown molding adds an extra touch of sophistication, while the front windows are treated with UV protectant film to enhance energy efficiency and provide year-round comfort. The spacious master suite provides a peaceful retreat, complete with an en-suite bathroom, and the additional bedrooms provide plenty of space for family or guests. Step outside to enjoy your private covered patio, perfect for outdoor dining or relaxing with a book. The landscaped yard provides a serene setting for entertaining or unwinding. Plus, as a resident of Burnside Farms, you'll have access to the community pool, making summer days even more enjoyable. This Hybrid Energy Efficient Home Features: Tankless W/H, Low E Windows, Dual Programmable Thermostats, Thermal Enveloping Air Barrier, and Natural Gas Heat (Saves $$$). Don't miss your chance to call this lovely home your own! Schedule a tour today and experience all that Burnside Farms has for you.
Source: COLUMBIASC #594709
Interest rate and monthly payment estimated based on public records.
Source: COLUMBIASC #594709
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: #594709