406 Chessington Cir, Summerville, SC 29485
4 beds · 2 baths · sqft
Have you been looking for that updated home in a centrally located, established Summerville neighborhood with charm? Well, we found the perfect place for you to call home! 406 Chessington sits on a .30-acre private lot with over 1811 square feet of open living spaces with 3 bedrooms, 2 full baths, 2nd floor FROG and screened in back porch with grilling deck. As you enter this beauty, the first thing you notice are the vaulted ceilings with exposed beams and a wood burning fireplace in the family room. The primary suite is located on rear of home with private ensuite bath and custom-built walk-in closet. The additional 2 bedrooms share the 2nd full bath. The FROG is the perfect space for an additional bedroom, office, or 2nd family room. Other features that helpaccentuate this home include: bamboo flooring throughout first floor bedrooms and living spaces, entryway built in bench with coat hooks, board and batten trim in hall way, freshly painted throughout, custom built in closets in primary and nursery closets, new flooring in bathrooms, newer vanity in primary bathroom, new lighting fixtures throughout, painted 42 inch kitchen cabinets, stainless steel kitchen appliances with a flat cooktop and firepit in oversized back yard. Schedule your private tour today before it's too late!
Source: CTAR #24029318
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24029318
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #24029318
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.