158 Garden Lily Ln, Summerville, SC 29485
5 beds · 4 baths · 2,890 sqft
Get a free consultation call with an expert in the mortgage assumption process.
***Ask about the possibility of receiving 1% reduction in interest rate and free refi.*** Priced below appraised value! Located in the heart of Summer's Corner, this beautiful home offers a perfect blend of space, comfort, and style, all centered around a backyard oasis complete with a stunning gunite swimming pool and spa. The exterior welcomes you with undeniable curb appeal, highlighted by a unique and expansive brick paver front porch. Inside, thoughtful details catch your eye at every turn, from the beautiful and durable flooring to custom shiplap accents and an open, airy floor plan filled with natural light. Upon entry, glass French doors open into a formal living room/study, ideal for working from home or quiet reading.Just beyond, the formal dining room offers an inviting space for entertaining. The spacious family room stands out with a dramatic accent wall and a wall of windows that frame beautiful views of the covered porch, sparkling pool, and private backyard retreat. The kitchen is a true showpiece with sleek countertops, modern cabinetry, a stylish backsplash, high-end stainless steel appliances, and a massive corner island. A sunlit eat-in area offers the perfect spot for casual meals. A main-level bedroom with shiplap walls and an en suite bath provides a cozy, private retreat for guests. A convenient powder room can also be found on the main level. Upstairs, the primary suite feels like a luxurious escape with its spacious layout, views of the backyard, walk-in closet, and spa-like bathroom featuring a soaking tub, tiled step-in shower, and dual-sink vanity. Three additional bedrooms, a full bathroom with a dual-sink vanity, and a well-placed laundry room complete the upper floor. Step outside into a backyard built for year-round enjoyment. The covered brick paver patio opens to a fenced-in yard with low-maintenance astroturf, lush tropical palms, and a separate dog run. The gorgeous gunite pool and spa feature a tanning deck and heat pump, extending your swimming season into the cooler months. Additional updates include upgraded light fixtures throughout and programmable exterior LED lighting, perfect for holidays and special occasions, all controlled via the Embrighten app. Living in Summer's Corner means access to top-tier amenities including a community play park, a swimming pool, and the soon-to-be-completed Club at Summer's Corner. Residents also enjoy exclusive access to Buffalo Lake, where you can host events, fish, or launch kayaks and canoes. With regular community events like movie nights, food trucks, and holiday celebrations, this home offers more than just a place to liveit's a lifestyle. Schedule your showing today and come experience everything this exceptional home and neighborhood have to offer.
Source: CTAR #25009183
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CTAR #25009183
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.