342 Compass Trl, Blythewood, SC 29016
5 beds · 5 baths · 4,235 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 342 Compass TRL, a stunning two-story home with a front porch, balcony, and lakefront access from your backyard. This spacious 5bd and 4.5 bath layout offers the perfect blend of comfort and functionality for any lifestyle. Upon entering, you will be greeted by a spacious and open two-story foyer, leading into a formal living room and dining room with coffered ceilings and decorative moldings. The great room provides space for entertainment, beautiful built-ins surrounding the beautiful natural gas log fireplace, and hard wood flooring leading throughout the bottom floor starting from the foyer to the great room and kitchen area. The open-concept kitchen and breakfast area features beautiful white designer cabinets, quartz countertops, stainless-steel appliances, and a beautiful stainless steel hood vent making it a dream for any home chef. Just off the great room, you’ll find a pet pad for your lovely pets, a half bathroom, and a private guest suite with a full bathroom. Upstairs you will find the owner’s suite private retreat that has a sitting area for extra space, boasting 3 large walk-in closets, the bathroom provides a spa-like feel with a double vanity, garden soaker tub, a large standalone ceramic tile shower, and separate water closet. Two secondary rooms share a jack & jill bathroom, the 3rd additional room and media room have access to a full bathroom right off the hall, and the oversized laundry room adds extra convenience. The beautiful media room has been transitioned into a movie room with a projector and movie screen, where you gain access to your balcony right off the movie room. Outside, enjoy the covered back patio and fully fenced yard with the sides being privacy white vinyl and the back being iron railing fence to allow access and site to your lake front property. offering a great space for outdoor entertainment or quiet relaxation. This home delivers privacy, space, and all within a welcoming community. Don’t miss your chance to make 342 Compass Trail your new home! Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #605077
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: COLUMBIASC #605077
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.