161 Greenwich Dr, Summerville, SC 29486
4 beds · 3 baths · sqft
Looking for a move-in ready home with a spacious primary suite on the first level? Do you prefer a clean white kitchen with stainless steel appliances & an oversized island with plenty of seating? How about a cozy gas fireplace in the great room for movie nights or binging your favorite Netflix show? Need a 4th bedroom/flex space with a full bath of it's own for guests, an out of site play room, home gym or office? What about a big back yard that's already fenced in with expansive pond views? You can officially stop scrolling through listings & book your showing right now!From gorgeous curb appeal to the thoughtfully designed layout & tasteful upgrades chosen for this home, 161 Greenwich Drive has it all!Located in Cane Bay School District in the desirable Meridian subdivision of the Lakes of Cane Bay you'll quickly come to appreciate Lowcountry living to the fullest! Take advantage of the outdoor paradise that the Lakes of Cane Bay truly is. Spanning 350-acres with multiple access points for kayaking, paddle boarding, fishing, & boating, you may never get bored of exploring the beauty & serenity that exists right in your very own community! Meridian also offers a beautiful community pool that looks like it's straight out of a resort, as well as a clubhouse with an indoor pickle ball court, so you can play rain or shine, a play park, & over 12 miles of trails which run throughout Cane Bay. Envision the convenience of riding your bike to the YMCA for extra cardio, taking your golf cart to meet friends for coffee at the local Starbucks, &/or inviting you neighbors over to gather around your fire pit with the Charleston sunsets the Lowcountry is so well known for as your backdrop! Now schedule your showing to make this vision come to life!
Source: CTAR #24024728
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24024728
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: #24024728
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.