515 Alderly Dr
Moncks Corner, SC 29461
4 beds · 5 baths · 3,024 sqft
$505,000
Get prequalifiedAbout this home
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
Neighborhood
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.