3409 Southern Cottage Way, Mount Pleasant, SC 29466
5 beds · 4 baths · 3,125 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Southern Charm Meets Modern Comfort in Hamlin Plantation - Welcome to this beautifully maintained 5-bedroom, 3.5-bath home in the sought-after Hamlin Plantation community of Mount Pleasant, SC. Situated on one of the largest and most private lots in the neighborhood, this Southern-style gem boasts classic double front porches, a screened porch, and a spacious backyard with mature trees, a patio, and full fencing--perfect for outdoor entertaining and everyday enjoyment. The thoughtfully designed floor plan features a primary suite on the main level, with generous living spaces to include home office & separate dining room, high ceilings, abundant natural light, beautiful crown moldings, built-ins, and updated lighting and fixtures throughout. The heart of the home is the open-conceptkitchen, equipped with updated appliances, quartz countertops, and a walk-in pantryideal for the modern cook. Additional highlights include a new roof in 2022, a brand-new HVAC systems, new interior paint (2025), a new gas tankless water heater, Nest thermostats, Ring doorbell, high-end garage shelving, and an expansive amount of walk-in attic storage. There's also an unfinished third floor offering approximately 950 sq ft, ready to be customized into a media room, playroom, or additional living space. Hamlin Plantation is known for its resort-style amenities, including a pool, clubhouse, tennis courts, fitness center, play park, and scenic walking trails. Located just minutes from Rifle Range Road and a quick 10-minute drive to the Isle of Palms beach via the Connector, this home offers an unbeatable lifestyle. You'll also love being less than five minutes to The Market at Oakland, with shopping, dining, Starbucks, and more right at your fingertips. Don't miss your opportunity to own this stunning home in one of Mount Pleasant's most desirable neighborhoods!
Source: CTAR #25007896
All values shown are estimated costs / mo.
Source: Public records
Source: CTAR #25007896
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.