1758 Mendel Rivers Rd, Saint Stephen, SC 29479
3 beds · 2 baths · sqft sqft
Experience the charm of country living in this beautiful brick home, offering the peace and quiet you desire. The east-facing front windows allow for breathtaking sunrise views, filling the living room with warm, natural light. The open floor plan is accentuated by stunning wood flooring and heavy pine beams. The modern kitchen, with its white cabinetry, flows effortlessly into the dining room, making it perfect for entertaining. Each bedroom is spacious and ready to welcome your family. The property features a privacy fence that encloses half an acre, ideal for horses or farm animals. Recent improvements include a newly finished 1/2 acre pond and the removal of all previous interior fencing and debris, resulting in a single, expansive 10-acre fenced property.A berm has been constructed around the back half of the property. You'll also find a duck aviary, a massive mature fig tree, grape vines, several live oaks, 17 mature pecan trees, and beautiful vegetation surrounding the residence. The property is a haven for wildlife, with abundant birds and deer year-round, now with a reliable water source. There are three duck/chicken enclosures and a custom chicken coop. Enjoy picturesque sunrises at the front of the house and stunning sunsets at the rear. The property also includes a paved patio, storage shed, and covered parking area, with half-acre residential fencing near the house adding convenience. Ready for cropping, the property includes multiple equipment sheds and enclosures within sight of the home. The residence was remodeled in 2014, featuring a new roof, HVAC, plumbing, and electrical updates. A shallow well has been dug at the rear of the property, ready for your finishing touches. Come check out the sprawling farm and discover what country life is all about!
Source: CTAR #24013608
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24013608
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: #24013608
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.