309 Reserve Way, Summerville, SC 29485
2 beds · 3 baths · sqft sqft
It's the perfect location here in Regents Green within the Kings Grant subdivision with so many opportunities for shopping, restaurants and entertainment. You really should check out 309 Reserve Way! As you enter the home to the immediate left is a half bath and on the right a few more steps down the hallway you have your kitchen. The sellers just updated all new kitchen appliances in 2024 and there is ample cabinet space for all your kitchen and cookware. Continuing on into the dining and living room, you will notice the brand new vinyl plank flooring throughout the downstairs, fresh paint throughout the entire interior of the home and the resurfaced and smooth ceilings throughout the entire first floor. As you step out back you have a quaint fenced in courtyard which then opens up to a pond view beyond. Heading upstairs you will notice brand new carpet on the stairs and the entire second floor. At the top of the stairs to the left and back of the home is the larger of the two bedrooms each with their own bathroom. The back bedroom has second floor pond views and is 15 x 11'9". Heading down the hallway you pass the laundry area as you head to the front bedroom that is 13 x 10'7". Pool and Tennis Memberships are available to purchase for the amenities. This location is just 13 mins from the Air Force Base Gates and only 22 mins to the Charleston International Airport. Local shopping includes Lowes Home Improvement, Lowes Foods, Marshalls, Walmart and so much more that Dorchester Rd has to offer. Looking to ensure you are close to a local Golf Course? No worries both Wescott Country Club and Legend Oaks are close too. Schedule your showing now before this property is taken by someone else!
Source: CTAR #24028551
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24028551
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: #24028551
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