2135 Stonewood Dr, Charleston, SC 29412
3 beds · 3 baths · sqft
Welcome to this stunning 1884 sqft, two-story home located in one of James Island's most sought-after neighborhoods, RIVERLAND TERRACE. This property boasts an open floor plan with beautiful hardwood floors, a cozy fireplace, and elegant quartz countertops. The kitchen is equipped with top-of-the-line Bosch stainless steel appliances, perfect for any home chef.Upstairs, you'll find three spacious bedrooms, including a luxurious master suite with a massive walk-in closet. The home features 2.5 modern bathrooms and a 1-car air-conditioned garage for added comfort while you are working out in your high quality HOME GYM. The tankless water heater ensures you'll never run out of hot water, and the lawn sprinkler system keeps the landscaping looking pristine. An outdoor perimeter pestcontrol system is in place and maintained. Step outside to your personal oasis! The backyard is beautifully landscaped, highlighted by a grand live oak tree and an expansive deck. Entertain effortlessly with an outdoor kitchen complete with a grill, an oversized Green Egg, two TVs, a bar with hot and cold water, and plenty of seating space. Home comes equipped with a full home GENRAC GENERATOR as well. The cement plank siding adds durability and charm to the exterior, and no flood insurance is required as the home sits outside of the flood zone. This home is a rare gem that won't last long...Schedule your showing today!
Source: CTAR #24023490
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24023490
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: #24023490
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.