1850 Cheltenham Ln, Columbia, SC 29223
4 beds · 2 baths · 2,073 sqft
Welcome to Your Dream Home in a Quiet, Desirable Neighborhood!This beautifully updated 4-bedroom, 2-bathroom ranch-style home is perfect for anyone seeking comfort, convenience, and a space to grow. Nestled in a serene subdivision with no HOA, this home offers the peaceful living you’ve been searching for, while still being close to all the amenities you need.Key Features include:Modern & Move-In Ready – Updated flooring throughout, with stylish finishes in every room, ensuring a fresh, clean look that complements any decor.Gourmet Kitchen – A chef’s dream with modern appliances, sleek countertops, and plenty of cabinet space, ideal for both everyday meals and entertaining.Luxurious Bathrooms – Updated, spacious bathrooms designed with comfort in mind, featuring modern fixtures and beautiful finishes.Spacious Bedrooms – Four generously sized bedrooms provide ample space for family, guests, or even a home office.Large Backyard – Enjoy a private, expansive backyard with a charming firepit area—perfect for evening gatherings, BBQs, or relaxing weekends.Ideal for Entertaining – Whether you’re hosting a family BBQ, celebrating special moments, or simply enjoying a peaceful evening, this home’s flow is ideal for hosting guests.Location, Location, Location:Close to Fort Jackson – A quick drive to this major military base, perfect for those working or stationed there.Near Sandhills – Shopping, dining, and entertainment are just around the corner in this vibrant commercial area.Convenient Access to I-20 – Quick access to major highways for an easy commute to downtown or beyond.No HOA – Enjoy the freedom to personalize your space, with no HOA restrictions, allowing you to make this home truly yours.This move-in ready home blends comfort, style, and convenience, offering everything a family could need. With its charming updates, spacious living areas, and prime location, this home is an exceptional find that won’t last long. Schedule a tour today and make this your forever home! **Open house 3/29 from 12p-2p**Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings. Disclaimer: CMLS has not reviewed and, therefore, does not en
Source: COLUMBIASC #604027
Financials
Source: Public records
Source: COLUMBIASC #604027
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.
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.
