502 Pontoon Rd, Huger, SC 29450
5 beds · 3 baths · 3,447 sqft
Better Than New! 5-Bedroom Home in Bridges at Seven LakesDiscover the perfect blend of modern luxury and thoughtful upgrades in this 5-bedroom, 3-bathroom home, built in 2020 and nestled within the highly sought-after gated community of Bridges at Seven Lakes in Huger, SC. Sitting on a spacious 0.39-acre lot, this home offers exceptional privacy with a privacy and live fence combo backing up to woodlands, creating a peaceful backyard retreat.Inside, you'll find custom upgrades throughout, including a custom master closet, walk-in pantry with custom shelving, custom kitchen cabinetry that goes to the ceiling for additional storage needs and a butler's pantry.Upgraded Craftsman trim, bath lighting and shiplap backsplashes add a designer touch. The custom laundry room cabinets with built-in hamper provide both style and extra storage. Unwind in the beautiful screened porch, perfect for enjoying Lowcountry breezes year-round. The backyard is an entertainer's dream, featuring an extended patio slab, fire pit, and a custom shed, offering additional storage and functionality. With all the updates already completed, this home surpasses new builds, offering move-in-ready convenience without the hassle of post-purchase projects. Located just minutes from Mount Pleasant and Charleston, Bridges at Seven Lakes provides a peaceful, gated community lifestyle with modern amenities {swimming pool, playground, dog park, pickleball courts, fire pit area and a dock for lake access with kayak launch}, all while keeping you close to shopping, dining, and outdoor adventures. Why wait for new construction when this home is better than new? Schedule your private showing today!
Source: CTAR #25004868
Financials
Source: CTAR #25004868
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.