426 Thoroughbred Dr, Moncks Corner, SC 29461
3 beds · 3 baths · sqft sqft
Best Price per SQFT home in all of Moncks Corner! And it is a 2021 year built, like new home. Available for a quick closing. This thoughtfully designed two-story home features an open layout, ideal for both entertaining and everyday living. You enter into a welcoming foyer that leads into a spacious great room, seamlessly connected to the kitchen and dining area. The kitchen boasts upgraded cabinetry, a built-in pantry, and modern finishes, perfect for chef of the family. From the great room, step outside to enjoy a generously sized backyard, ideal for outdoor gatherings and relaxation.On the second floor, you'll find an oversized primary suite, complete with a bathroom featuring a garden tub, an oversized walk-in shower, and separate his-and-hers walk-in closets, offering both comfort and privacy. Additionally, two well-proportioned secondary bedrooms provide flexibility for family members or guests. A versatile open loft area offers the potential for a home office, media room, or additional living space, tailored to your preferences. This home is a perfect blend of comfort, style, and functionality, designed to suit a variety of lifestyle needs. Built by True Homes who is a very reputable Carolina-based home builder striving to bring the best new home designs to the Low Country. The home is still under builders 10 year structural warranty. Grocery (New Publix on Hwy 52) - 3 Miles Historic Town of Summerville - 14 Miles Historic Downtown Charleston - 26 Miles Volvo Manufacturing Plant - 22 Miles I 26 - 12 Miles Joint Base Charleston -15 Miles Charleston Intl Airport - 19 Miles Trident Medical Center - 10 Miles
Source: CTAR #24024835
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24024835
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: #24024835
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.