2969 Bobo Rd, Mount Pleasant, SC 29466
3 beds · 2 baths · 1,160 sqft
This move-in ready home in Mt Pleasant is a true gem. Situated on a spacious lot, it offers both charm and convenience. A welcoming front porch sets the stage for the inviting interior, where an open floor plan and abundant natural light create a warm and airy atmosphere. The living and dining areas flow seamlessly into the well-equipped kitchen, which features white cabinetry, stainless steel appliances, and ample space for meal preparation. The primary bedroom provides a peaceful retreat with its own ensuite bath, while two additional bedrooms and a full bathroom complete the interior. Outside, the large backyard offers plenty of space to relax or entertain, and a handy storage shed adds extra convenience.This home's location is just as appealing, with Mt Pleasant Towne Centre only 5.2 miles away, Isle of Palms 8.7 miles away, and downtown Charleston just 12.3 miles away. Don't miss the opportunity to make this beautiful home yours.
Source: CTAR #25006137
Financials
Source: CTAR #25006137
Source: Public records
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%. 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.
Other resourcesWhat 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.
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