1246 Springhill Rd
Hanahan, SC 29410
3 beds · 2 baths · -- sqft
$398,000
Get prequalifiedAbout this home
MOTIVATED SELLER! Nestled on a roomy lot in Hanahan, this charming Colonial-style home has lots to love--plus, there's no HOA! A circular driveway, a picturesque gazebo, and double front porches set a welcoming tone. Step inside to be greeted by gleaming wood flooring and an abundance of natural light. To the left, a formal dining room awaits, perfect for gatherings, while the right reveals a cozy family room centered around a fireplace. The kitchen, adorned with stylish gray cabinets, granite countertops, and an island, boasts a pantry and a spacious eat-in area with seamless access to the sunroom, patio, deck, and detached garage.The outdoor space is sure to become a favorite, with a sprawling deck and patio ideal for soaking in the Lowcountry climateThe main-level primary bedroom is a serene retreat featuring generous natural light. Venture upstairs to discover two additional bedrooms, one showcasing a massive walk-in closet and direct access to the second-floor porch, along with a full bathroom and porch entry. Conveniently located just 2.3 miles from I-26, 4.3 miles from Park Circle, and 6.4 miles from Charleston International Airport, this home offers the perfect blend of comfort, charm, and accessibility. Don't miss out on this remarkable find!
Source: CTAR #24027897
Neighborhood
FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.