4051 Colonel Vanderhorst Cir, Mount Pleasant, SC 29466
4 beds · 4 baths · 4,119 sqft
Words can hardly capture the breathtaking beauty of this custom-built, elevated marshfront home in Dunes West, offering sweeping views of the Wando River. As you approach, the long driveway leads you to a meticulously landscaped yard and a spacious, covered front porch. Upon entering the two-story foyer, your gaze is immediately drawn to a stunning wall of windows, framing the serene tidal marsh and river views beyond. This home is designed to provide an abundance of elegant privacy, seamlessly incorporating the peaceful low-country scenery that can be enjoyed throughout--whether from the dual master suites, the office, sunroom, living room, kitchen, or multi-tiered deck. The ground level features a large, climate-controlled storage space, a separate workout room, and an elevatorconnecting all three levels of the home. For those seeking luxurious and expansive low-country living at its finest, this is the home you've been waiting for. Additional features include a three-car garage, hardwood floors throughout (including all bedrooms), a two-story living room with a fireplace and built-ins, and dual master suites. The upstairs master suite offers incredible views, a large walk-in closet, and an en-suite bath with a dual vanity, clawfoot tub, and a spacious walk-in shower. The downstairs master suite features a cozy in-room sitting area. Every bedroom comes with its own private, beautifully appointed full bath. Gorgeous trim work adds elegance throughout the home, while the spacious kitchen boasts ample cabinet storage, stainless steel appliances (excluding the fridge), dual ovens, a tile backsplash, granite countertops, a gas range, a breakfast nook, and pendant lighting. The home is surrounded by mature landscaping with exceptional accent lighting, creating an inviting atmosphere. Additional improvements include fresh paint throughout, upgraded bonus space under the house with a barre/dance area, a mudroom, an arts and crafts space, and a fantastic area for kids to hang out. The front yard also features new exterior lighting. The backyard offers plenty of space for a pool, and when the tide is right, you can launch a kayak or paddleboard directly from the backyard. Community amenities include walking trails, three pools, a golf course, a clubhouse, a crabbing dock, a boat ramp, a fitness center, a tennis center, and a playground. Don't miss the chance to see this exceptional homeschedule your showing today!
Source: CTAR #25007519
Financials
Source: Public records
Source: CTAR #25007519
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.