462 Eastern Isle Ave, Summerville, SC 29486
2 beds · 2 baths · 1,503 sqft
Get a free consultation call with an expert in the mortgage assumption process.
One of the communities most popular floor plans the Copper Ridge model in Charleston's Premier Active Adult community, Del Webb Cane Bay! This 2 bedroom, 2 bathroom is situated on gorgeous landscaped berm homesite offering privacy with close proximity to the communities amenity center. As you approach the home you are greeted with a front porch with plenty of room for outdoor furniture and extensive landscaping to set the scene. Once inside, a defined foyer complete with 5 inch baseboards throughout and charming archway into the main living area. A kitchen complete with 36'' Maple cabinetry, granite countertops, and stainless steel appliances! Open concept living at its best; highlighted with the kitchen overlooking the great room and dining areas, a home perfect for entertaining friends..and family! Beautiful hardwood flooring extends from the foyer into the main living and dining areas, kitchen, and hallways. From the dining area step into a covered patio followed by large stone paver patio surrounded by beautiful landscaping. Back inside, the primary bedroom is tucked in the back corner of the home and features a tray ceiling, large walk-in closet, ladies vanity, and walk-in shower with sliding glass door. The second bedroom and bathroom are located on the opposite side of the home offering guests plenty of privacy. A fully equipped laundry room leads you to an oversized 2.5 car tandem garage perfect for woodworking, additional storage or golf cart parking. All appliances and window treatments including the plantation shutters will convey making this home move in ready! Please book your showing today!
Source: CTAR #24024353
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CTAR #24024353
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.