428 Carn St, Walterboro, SC 29488
3 beds · 3 baths · 2,800 sqft
NO HOA! Move-in ready home located on a large lot just minutes from the heart of Walterboro. This property features three bedrooms and 2.5 bathrooms, all situated on over half an acre. This charming home is complete with brick flooring, a fireplace, detailed moldings, and a wood-burning stove; with THREE flex areas, any family will have plenty of room to relax, entertain, or work from home. The large kitchen is equipped with granite countertops, a gas stove, a built-in microwave, and a large island. The living room boasts durable bamboo flooring, a tray ceiling, a fireplace, and abundant natural light. DUAL OWNER'S SUITES- The massive primary bedroom includes an ensuite bathroom with double vanities, a spacious closet, a sitting room, and its own cozy back porch.The second downstairs bedroom is equipped with a private bathroom and a large closet. The private, fully-fenced backyard will provide you with lots of room to entertain, play catch, or store work vehicles and equipment in the two oversized driveways. You are only minutes from the area's best shopping, restaurants, and activities, including the Colleton County Library, trails, and playgrounds. HVAC, TPO roof, and gas lines were updated in 2021
Source: CTAR #24027258
Financials
Source: CTAR #24027258
Source: Public records
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%. 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.
Other resourcesWhat 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.