3438 Farmers Market Dr, Charleston, SC 29414
3 beds · 2 baths · 1,258 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this charming one story home in the popular subdivision of Village Green. This lovely home sits on .23 acres on a pond lot in a very private cul de sac. Village Green is conveniently located near schools, food, groceries, golf, and quick access to both Summerville and downtown Charleston. Some nearby locations include Walmart 3.5 miles, Drayton Hall Elementary 1 miles, Lowes Food 2 miles, and West Ashley High School 5 miles just to name a few. This one story home has tons of privacy because of its location at the end of a cul de sac. Trees line the yard on both sides, and set you apart from your neighbors and the pond puts room between you and the homes behind your home.As you enter the home, there is a nice foyer that leads you into the home. Take a few steps past the foyer and you enter the large living area. The living area could easily fit a large sectional and has a great wood burning fireplace. The living room also has a great view of the backyard and the pond and has lots of natural lighting. To the left of the foyer are the two secondary bedrooms and full bathroom. The two bedrooms are great for guests or family members and offer great privacy as they sit opposite of the primary bedroom. To the right of the foyer and open to the living room is a well equipped kitchen and dining area. The kitchen comes equipped with a stainless steel refrigerator, microwave, and stove. The kitchen has plenty of cabinets for storage and amble room for food prep on the counter tops. Next to the eat in kitchen area is a pantry, perfect for storage. Also to the right of the foyer is the laundry room and access to the two car garage. Continuing down the hall is the primary suite. The primary suite can easily fit a California King bed and still have room for more bedroom furniture. The primary bedroom has a great view of the backyard and pond and also has lots of natural lighting. The primary bath has both a walk in shower and garden tub. There is also an oversized vanity that could easily hold two sinks if someone desired. The primary bedroom would not be complete without a great walk-in closet. The closet has plenty of room for all your clothes and shoes and more. This home has a fantastic backyard. There is a large patio out back which comes with a metal gazebo. The backyard is a wonderful oasis for relaxing, playing, and even fishing in the pond. This section of Village Green does not include access to the pool and clubhouse, but it can be purchased annually.
Source: CTAR #25008024
All values shown are estimated costs / mo.
Source: Public records
Source: CTAR #25008024
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.