2840 Conservancy Ln, Charleston, SC 29414
5 beds · 4 baths · 3,325 sqft
***Ask about the possibility of receiving 1% reduction in interest rate and free refi.*** Nestled in the highly sought-after Carolina Bay community, this exceptional home stands out as a one-of-a-kind gem--the original model home uniquely built with upgrades and features you won't find anywhere else. Offering space, style, and stunning pond views, it promises to captivate from the moment you arrive. The charming curb appeal sets the tone for the beauty within, where thoughtful details abound, including gleaming wood floors, crown molding, wainscoting, 9 ft ceilings, oil-rubbed bronze finishes, and a bright, open floor plan designed to impress.The formal dining room that exudes elegance. The kitchen is a chef's delight, featuring pristine white cabinetry,sleek countertops, stainless steel Whirlpool appliances, a functional island with seating, and a pantry for extra storage. This space seamlessly flows into the casual dining area and the cozy living room, where a gas fireplace adds warmth and charm. Step out onto the screened porch, where you can unwind while savoring the tranquil pond views. The main level also boasts a versatile bedroom/office and a full bathroom, perfect for guests or work. Upstairs, a spacious loft area provides endless possibilities for relaxation or recreation. The primary suite is a serene retreat with a large walk-in closet and a luxurious ensuite bathroom, complete with a dual sink vanity, a soaking tub, and a step-in shower. Three additional bedrooms, two bathrooms with dual vanities, and an expansive laundry room round out the upper level. Carolina Bay offers an array of amenities, including a play park, a pool pavilion, and a zero-entry pool, enhancing the community's appeal. Conveniently located just 0.6 miles from Savannah Highway, 4.2 miles from I-526, 8.7 miles from downtown Charleston, and 11.8 miles from Charleston International Airport, this home combines the best of comfort, style, and accessibility. Don't miss the chance to call this remarkable property your own. Schedule your showing today!
Source: CTAR #24031292
Source: CTAR #24031292
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.