234 Viking Ln, Lexington, SC 29073
4 beds · 3 baths · 3,604 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Just in time to enjoy the pool! Don’t miss this spacious home in Manchester Park of Lexington, offering 3,604 sq ft of living space and a backyard oasis! Recently updated (2022), the backyard features a custom patio, beautiful landscaping, an above-ground pool, sprinkler system and a shed with electric—ideal for summer fun and entertaining. Highlights:4 Bedrooms, 3 Full Baths: Includes a main-floor bedroom adjacent to a full bath, perfect for guests or family. Open & Functional Layout: Hardwood floors flow into a formal dining room and a fully equipped kitchen with granite countertops, ample cabinets, a Butler’s pantry, and an island with bar seating. The kitchen opens to a huge great room, perfect for gatherings. Luxurious Master Suite: Enjoy a sitting area, his-and-her walk-in closets, and a spa-like ensuite bath with dual vanities, a separate shower, and a garden tub. Versatile Spaces: Loft with a projector and movie screen for entertainment, plus an office with shelving, a bay window, and French doors for work or study. Low Maintenance: Ionizer pool system, termite bond, and gutter guards added (2023). Your Dream Home Awaits! With the seller motivated, this is your chance to own a stunning home in a prime location. HOA $200 yearly (MJS) Schedule a showing today—this won’t last long! Contact us now to make it yours! TENEANT IN PLACE-24 HOUR NOTICE REQUIRED TO VIEW Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #605700
All values shown are estimated costs / mo.
Source: Public records
Source: COLUMBIASC #605700
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.
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 of Equal Opportunity Act.