32 Sumner St, Elgin, SC 29045
4 beds · 4 baths · sqft sqft
Welcome to this exquisite custom-built one-story home, nestled in the heart of the charming neighborhood of Stratford Plantation with a serene huge Pond. Boasting 4 bedrooms and 3.5 bathrooms, this residence offers a perfect blend of luxury and comfort. As you step inside, you're greeted by a spacious split open floor plan, adorned with gleaming hardwood floors that flow through all common areas and two of the bedrooms, each with their own private baths. The centerpiece of the great room is a striking floor-to-ceiling stack stone fireplace, adding warmth and elegance to the living space. The gourmet kitchen is a chef's delight, featuring a commercial gas stove, ideal for culinary enthusiasts. Two generously sized pantries provide ample storage, ensuring organization and efficiency. Adjacent to the kitchen is a cozy office, complete with elegant glass French doors, perfect for those who work from home or desire a private study space. Upstairs, an extra-large bonus room over the 3-car garage offers versatile possibilities, whether as a play area, media room, or additional living space. Outside, the allure continues with a screened back porch and a grilling deck, ideal for entertaining guests or enjoying peaceful evenings overlooking the landscaped backyard. Speaking of the backyard, it's fully fenced and includes an incredible custom-built fort, creating a magical retreat for children to explore and play. This home truly has it all - from its thoughtful design and high-end finishes to its practical layout and desirable neighborhood amenities. Don't miss the opportunity to make this exceptional property your new home sweet home.
Source: COLUMBIASC #593126
Interest rate and monthly payment estimated based on public records.
Source: COLUMBIASC #593126
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #593126