405 Springfield Rd, Mount Pleasant, SC 29464
4 beds · 3 baths · 2,411 sqft
Welcome to 405 Springfield Road. Imagine waking up in a serene haven, just minutes from the vibrant heart of Mt. Pleasant. This stunning residence in the highly sought-after Longpoint subdivision offers the perfect blend of tranquility and convenience. Enjoy sun-kissed mornings on your expansive decks, or cozy evenings by the fire pit, surrounded by lush greenery. The separate grilling patio invites you to savor alfresco dining with family and friends. Enjoy a leisurely jog, bike ride, or golf cart trip to the Longpoint Amenity Center or the expansive 943-acre Palmetto Islands County Park. Living here offers unparalleled access to kayaking, pools, playgrounds, tennis and pickleball courts, and soccer fields--all just steps from your front door.This home is zoned for award-winning schools: Belle Hall Elementary, Laing Middle School of Science and Technology, and Lucy Beckham High School. Situated on a quarter acre lot, this 4-bedroom, 2.5-bath haven boasts a fantastic open layout, perfect for entertaining. Newly renovated floors and freshly painted walls create a bright and inviting atmosphere. With potential for expansion, you can envision an upstairs family room loft or a spacious laundry room, adding even more comfort to your dream home. Don't miss this chance to live your coastal dream in an esteemed neighborhood, where every day feels like a vacation.
Source: CTAR #25005979
Financials
Source: CTAR #25005979
Source: Public records
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%. 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.
Other resourcesWhat 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.