2840 Conservancy Ln, Charleston, SC 29414
5 beds · 4 baths · sqft sqft
Are you ready to be impressed? This house has everything you want. Come see this one-of-a-kind floor plan in beautiful Carolina Bay! This is the only floor plan of this design in the entire community. This home features a massive open-floor concept living/kitchen space with a large dining room attached. The first floor has a room that can be used as a bedroom for visiting older family members or an office. Plus, there is a full bath next door. Wood floors and crown molding throughout the first floor. Fireplace in the living room. The owner has replaced the bland light fixture in the formal dining room with a spectacular chandelier. It also has wainscoting. The windows provide lots of natural light. The kitchen is equipped with an island, granite count tops, off white 42-inch cabinets plusgas range. Whirlpool appliances. Faux blinds throughout. There are 9-ft smooth ceilings throughout the first floor. Plenty of recessed can lights throughout and an energy efficient tankless hot water heater. Go upstairs and see the loft that is now used as a lounge area with television. This house has a ton of closet space. The bedrooms upstairs are huge. All the bathrooms upstairs have lots of space. There is a massive linen closet in the hall plus there is a laundry room big enough to accommodate two washers and dryers. The master bedroom has an ensuite that will make you sin. The toilet has its own door, and the walk-in closet is big enough for everyone's clothes. This home includes classic oil rubbed bronze finishes throughout. Go outside and enjoy the spacious screened porch overlooking a gorgeous pond. Sit on the porch or lay on the grass and read a book and enjoy the view. There is also a sprinkler system for the lawn. All of this in beautiful Carolina Bay, West Ashley's premier community, complete with 3 swimming pools, 3-acre park and trails!
Source: CTAR #24021458
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24021458
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: #24021458
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.