22 Genesis Ln, Camden, SC 29020
4 beds · 3 baths · 3,743 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Half acre lot has a large backyard with a covered patio and a storage shed, all enclosed by a wood fence. Garage has plenty of storage room with added ceiling racks. Inside you enter from the front door into the Foyer with Hardwood flooring, the Living Room and the Dining Room will both be on your right, and there will be a small corridor on the left that will take you to the garage, the Full Bathroom, and the Office. The Great Room with Fireplace opens up to the Kitchen and the Eat In areas. From there, you can walk out to the Covered Patio in the large backyard. Upstairs is the wide Hallway where you can access the spacious Laundry Room, the Master Bedroom with a sitting area, Bedroom 2, Bedroom 3, and Bedroom 4. This home has easy access to I-20, downtown Camden. Other nearby locations are Shaw Air Force Base, Ft. Jackson, McGrady Training Center, and McEntire National Guard, all in about a 30 minute drive. This home is located in a USDA eligible area. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #589211
Source: COLUMBIASC #589211
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 and Equal Opportunity Act.