422 Academy Rd, Walterboro, SC 29488
3 beds · 2 baths · 1,134 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Price Improvement!!! Bring us an offer! This real estate listing paints a picture of a charming brick home in the quiet Walterboro community of South Carolina's Lowcountry. Surrounded by nature, it offers the tranquility of small-town living with proximity to the historic cities of Charleston, Beaufort, and Savannah, perfect for day trips. The location is ideal for families, with daycare, schools, and essential amenities all nearby, including hospitals, shopping, and restaurants within four miles.Outdoor enthusiasts will appreciate the area's natural beauty and the abundance of activities like hiking, fishing, hunting, and camping. The home is close to beaches, rivers, lakes, and ponds, making it an attractive spot for nature lovers.for gathering during the holidays. The galley-style kitchen offers dining space, and double French doors lead to a screened patio great for relaxing or entertaining. The spacious backyard provides additional opportunities for year-round enjoyment with family and friends. The house has three bedrooms, including a primary suite with an ensuite bathroom and walk-in shower. The other two bedrooms share a full bath with a tub/shower combination. An attached carport allows for easy access into the home without getting wet in the rain! With its convenient location and appealing price, this home is a perfect choice for your next move. Schedule an appointment today!
Source: CTAR #25004785
Source: CTAR #25004785
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.
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.
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 620, 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 and Equal Opportunity Act.