297 Red Leaf Blvd, Moncks Corner, SC 29461
4 beds · 3 baths · sqft
This home is the perfect place to settle in, offering plenty of personal touches that make it truly special. With a bright and open floor plan, a large backyard, and great community features like sidewalks, a pool, and peaceful lakes, you'll feel right at home. Foxbank has everything you need close by--an elementary school, restaurants, and shopping, all just a quick golf cart ride away. Plus, you're conveniently located near Summerville, Charleston, and Moncks Corner, with easy access to nearby rivers and lakes for outdoor fun.As you walk in, beautiful 5'' plank flooring flows through the main level, welcoming you with a roomy foyer and a huge closet for all your storage needs.The living room, kitchen, and dining area each have their own space but remain connected separated only by a large island with an eat-at bar. And just wait until you see this huge pantry!! The living room features a cozy gas fireplace and opens up to the patio, making it the perfect spot for grilling. Just off the two-car garage, you'll love the custom drop-zonea stylish spot to hang your jackets, complete with a charging station for your devices. Upstairs, there are four spacious bedrooms, two bathrooms, and a walk-in laundry room. The owner's suite is full of natural light and includes a large walk-in closet, a separate tub and shower, a water closet, and a double vanity. And being just steps from Foxbank Lake means you'll always have a peaceful spot to unwind and enjoy the community.
Source: CTAR #24024187
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24024187
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: #24024187
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.