2420 Raymond Ave, Charleston, SC 29406
4 beds · 3 baths · sqft sqft
Investor Special or Dream Home Opportunity. This is your chance to own a stunning 4-bedroom, 2.5-bath home, built in 2021 by AA Custom Homes LLC. Whether you're looking for an investment property with an established tenant base or a future primary residence, this home offers incredible flexibility. Previous monthly rent was $3400. The home can be kept as a long-term rental or you can move in immediately. Key Features:Turnkey Home: Beautiful, modern finishes throughout with real hardwood floors and crown molding in every room. The spacious open floor plan connects the living room, dining area, and kitchen, offering an ideal space for entertaining or family living." Gourmet Kitchen: Enjoy custom cabinetry, a large granite island, and like-new stainless-steel appliances, making it a chef's dream. " Relaxing Master Suite: The large master bedroom features an en-suite bathroom with a glass-enclosed tiled shower, garden tub, and dual vanitiesyour perfect retreat after a long day. " Additional Bedrooms: Three more generously sized bedrooms are ideal for a large family or can easily be rented out for additional income. " Outdoor Oasis: Step outside to a private, fenced-in backyard with a screened-in porch and patioperfect for relaxation, pets, and entertainment. " Ample Storage: The two-car garage and attic space provide plenty of room for all your storage needs. Prime Location: Conveniently located near Midland Parkway, Rivers Road, and I-26, this home offers easy access to all of Charleston's major areas. You'll also be within walking distance of Midland Elementary School, making it ideal for families. No HOA, No Flood Insurance Required: Located in Flood Zone X, this property offers peace of mind and no mandatory flood insurance. Plus, with no HOA fees, you have complete freedom and flexibility as a homeowner or investor. Whether you're seeking a stable rental investment or your next dream home, this property checks all the boxes. Don't miss this rare opportunityschedule a tour today!
Source: CTAR #24028580
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24028580
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: #24028580
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.