520 Chaff Ln, Moncks Corner, SC 29461
4 beds · 3 baths · sqft
**ASSUMABLE LOAN AT 2.75%** Situated within the prestigious Spring Grove Plantation community, this magnificent estate exudes an unrivaled level of sophistication and exclusivity. Tucked away in one of the community's most coveted enclaves, this property promises the ultimate in privacy and seclusion, with a single entry and exit point ensuring the utmost security and tranquility.As you approach the estate, you are greeted by a grand, sweeping driveway adorned with impeccable landscaping. Brick-lined garden beds, lush grass, and thoughtful architectural details set the tone for the exceptional craftsmanship that awaits inside. The stately front porch, complete with elegant columns, invites you to step into a world of refined elegance.Step through the threshold and be captivated by the home's grand scale and meticulous attention to detail. Soaring ceilings, gleaming hardwood floors, and an abundance of natural light create a sophisticated ambiance throughout. The formal dining room, adorned with coffered ceilings and wainscoting, sets the stage for opulent dinner parties and intimate gatherings. The open-concept living area seamlessly flows, showcasing custom built-in shelving, a cozy gas fireplace, and a stunning kitchen that would delight any culinary enthusiast. Fitted with granite countertops, staggered craftsman-style cabinetry, and high-end stainless steel appliances, the kitchen is a masterpiece of form and function. A breakfast nook provides a charming setting for morning coffee and casual meals. Venture upstairs to discover a sprawling primary suite, complete with tray ceilings, a private balcony, and a lavish en-suite bathroom. Indulge in the luxurious soaking tub, walk-in shower, and expansive his-and-hers vanities, all appointed with the finest materials. The generously sized secondary bedrooms share a beautifully appointed bathroom, while the upstairs laundry room adds unparalleled convenience. The home's exceptional features extend beyond the interior, as the expansive backyard offers a true oasis. A large screened-in porch provides the perfect setting for alfresco dining and relaxation, while the fully fenced yard, complete with a dedicated dog run, ensures ample space for your furry companions to roam. In addition to the impeccable craftsmanship and thoughtful design, this home boasts an array of modern conveniences, including a wired generator system, a recently replaced HVAC, built in speakers, and custom garage storage solutions. The crown jewel of this exceptional offering is the unparalleled community amenities of Spring Grove Plantation. Residents enjoy access to a vast pavilion, a resort-style swimming pool with a splash pad, a dog park, expansive sports fields, a disc golf course, and an extensive network of walking and jogging trails. This truly is a one-of-a-kind opportunity to embrace the epitome of luxury living. Do not miss your chance to experience the grandeur of this exceptional estate. Schedule your private tour today before this rare gem is snatched up.
Source: CTAR #24025030
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24025030
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: #24025030
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.