515 Alderly Dr, Moncks Corner, SC 29461
4 beds · 5 baths · sqft sqft
Wow, this stunning home is VA Assumable, $225,000 or 2.25%, what a great rate. This home offers a perfect blend of elegance and comfort, making it an ideal choice for both everyday living and entertaining. With four spacious bedrooms and four-and-a-half bathrooms, you'll find plenty of room to spread out and enjoy. The formal dining room is perfect for hosting dinner parties, while the large eat-in kitchen is a chef's dream. It features sleek granite countertops, a gas cooktop, double ovens, and an abundance of cabinets in both the kitchen and the adjoining butler's pantry.Beautiful luxury vinyl planks flow seamlessly through the formal dining room, kitchen, family room, and hallway, adding a touch of sophistication to the space.The large master bedroom, conveniently located on the main floor, includes a generous walk-in closet and a luxurious master bath with his-and-her sinks and a large shower. Upstairs, a spacious loft area provides additional living space and is accentuated by elegant dual handrails. Each of the other bedrooms is generously sized and comes with its own walk-in closet. A well-designed Jack-and-Jill bath conveniently serves two of these bedrooms. The home also features a versatile sunroom with an adjoining bathroom, currently used as an office, but perfect for whatever suits your needs. Additional features include a practical drop zone as you enter from the garage, which includes a mini-split heat and air unit, ideal for a man cave or extra hobby space. Step outside to your private oasis, where a sparkling saltwater pool awaits, complete with an automatic cover and heater for year-round enjoyment. The beautifully landscaped front and back yards are enhanced by concrete edging around the flower beds. The large stamped concrete patio surrounding the pool is perfect for entertaining, and there's also a sizable storage shed with electricity. Plus, the extra-wide parking area ensures plenty of space for additional vehicles. This home truly combines luxury and practicality in a setting that's ready to be enjoyed.
Source: CTAR #24023717
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24023717
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: #24023717
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.