3807 Canary Ct, North Charleston, SC 29420
5 beds · 4 baths · 2,669 sqft
Welcome home to 3807 Canary Court in Indigo Palms in North Charleston. Located on a tranquil cul-de-sac, this beautiful home boasts impressive curb appeal, featuring lush landscaping and a spacious front porch perfect for relaxing afternoons. The formal dining room welcomes you on the left, while the expansive great room lies ahead. Enjoy cozy evenings by the gas fireplace under soaring 16-foot ceilings, or cook up a storm on the gas range in the kitchen.Experience eco-friendly living at its finest in this stunning home! Equipped with fully paid-off solar panels at closing, this property promises significant savings, particularly in those hot summer months. There are often months when you can expect money back.A tankless water heater ensures a steady hot water supply without high bills. The kitchen features 46" Maple cabinets with oil-rubbed bronze knobs, Corian counter tops, and a seamless under-mount sink. Plus, with its granite counter top, the butler's pantry provides valuable extra storage. The owner's suite on the main floor offers a private retreat with a tray ceiling, an en suite bath with dual vanities, a large garden tub, a separate shower, and ample closet space. A convenient laundry room and a powder room complete the first floor. Upstairs, you'll find three additional bedrooms, two full bathrooms, a spacious linen closet, and a bonus roomperfect as a play area or entertainment room. Outside, the screened porch and fully fenced backyard create a private oasis, ideal for entertaining or unwinding. The pergola offers a shaded retreat, and four raised garden beds are perfect for green thumbs. Indigo Palms offers fantastic community amenities, including a playground, pool, and a calendar of events like weekly food trucks and holiday events for the whole family to enjoy. This home is within a 15-minute drive to Northwoods Mall, I-26, Boeing, Bosch, the Air Force Base, Downtown Summerville, Tanger Outlets, and Trident Tech. Downtown Charleston is only 30 minutes away, with beaches just a 45-minute drive.
Source: CTAR #24028336
Financials
Source: Public records
Source: CTAR #24028336
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.