417 Embassy Dr
Summerville, SC 29483
3 beds · 3 baths · 1,326 sqft
$429,000
Get prequalifiedAbout this home
Beautifully redone 1952 single-story brick home on over 1 acre with a 1 BR/1 bath apartment over a detached garage, no HOA, and just minutes from Downtown Summerville. Step into the perfect blend of classic charm and modern convenience at 417 Embassy Drive. This beautifully remodeled brick home offers a peaceful escape with the freedom of no HOA, all while being a short drive from the heart of Summerville. From the inviting front porch to the sun-filled backyard deck, this property is designed to embrace the beauty of the Lowcountry lifestyle. The main house, originally with 3-bedrooms, was transformed into a spacious 2-bedroom, 2-bath home in 2010. Inside, you'll find hardwood floors throughout and an open, airy family room that spills effortlessly onto the porch through French doors.The updated eat-in kitchen is a chef's delight, featuring granite countertops, stainless steel appliances, and plenty of space for gathering. Just beyond the main home, a detached two-car garage hosts a fully independent 1-bedroom, 1-bath apartmenta fantastic space for guests, in-laws, or a potential income-generating rental. The apartment boasts its own family room, full kitchen, and laundry, accessible by an exterior metal staircase. Outdoors, the landscaped grounds are a gardener's dream. Native Lowcountry plants like azaleas, camelias, and crepe myrtles provide a tapestry of colors and fragrances year-round. A wide-open, grass-covered space offers endless possibilities, from a garden expansion to room for a pool. And with no HOA, the freedom to create your own ideal oasis is only limited by your imagination!
Source: CTAR #24026565
5-year savings
Neighborhood
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.