364 Deep River Rd, Summerville, SC 29486
6 beds · 3 baths · 3,758 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 364 Deep River Road, an expansive two-story layout nestled on a premium pond lot conveniently located towards the front of Cane Bay, a sought after master planned community in Summerville!Step inside to discover stunning original hardwood flooring & a generous formal living space with plenty of room for an open office or separate dining space for hosting large parties. The bright & airy great room offers a gas fireplace, making it a cozy spot to gather. The open-concept eat-in kitchen is truly the heart of the home, with one of the sellers' favorite features... the massive walk-in pantry! A versatile bedroom, ideal for guests or private office, rounds out the main floor.Upstairs, you'll fall in love with the tremendously spacious primary, including a spa-inspiredensuite with gorgeous freestanding deep soaking tub, separate shower with glass surround, dual vanities, & a huge walk-in awaiting built-in customization to be the closet of your dreams! Also on the second floor you'll find 4 remaining sizable bedrooms, another full bath, & laundry room. The 6th bedroom is exceptionally large & is frequently used as a flex space. Looking for a home gym, game room, or movie theatre? This home is perfect for you! Outside, relax & recharge with picturesque views of the community's largest pond views from your screened porchespecially this time of year with Spring in full bloom! Envision relaxing evenings, weekend BBQs, & watching the sunset reflect on the water. With miles of trails nearby, countless community amenities, & a friendly neighborhood atmosphere, this home offers the best of Lowcountry living. Whether you're searching for space to grow, room to entertain, or simply a place to call "home," 364 Deep River Road offers it all. Come see what life could look like hereyou might not want to leave!
Source: CTAR #25009781
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: CTAR #25009781
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.