524 Fern Tree Dr, Summerville, SC 29486
5 beds · 4 baths · sqft sqft
Discover unparalleled luxury and space in this beautifully upgraded 5-bedroom, 3.5-bathroom home, thoughtfully designed to blend elegance with modern living. Every detail has been carefully considered, setting this property apart from the rest in this highly sought-after neighborhood.Premium Upgrades: The owners have gone above and beyond, adding an extra window to flood the bonus room over the garage with natural light. The expanded driveway and extended back patio provide enhanced convenience, making outdoor gatherings and parking a breeze.Luxurious First-Floor Master Suite: The expansive primary bedroom is located on the main level, offering an abundance of space, complete with a large en-suite bath and walk-in closet. The elongated shower, designed to evoke a spa-like experience, makes this suite a private retreat. Flexible Layout & High-End Finishes: Upstairs, you'll find four additional spacious bedrooms, plus a versatile bonus room that can easily serve as a sixth bedroomperfect for hosting family or guests. Premium features like quartz countertops, stainless steel appliances, and energy-efficient systems throughout showcase the home's commitment to quality and style. Smart Home Integration: Enjoy the convenience of cutting-edge smart home technology, designed for both comfort and security. This includes a Rinnai tankless water heater, delivering endless hot water whenever you need it. Resort-Style Amenities: Step into a world of luxury with access to a resort-style pool, clubhouse, and more. With the community pool and playground just a short walk across the street, you'll experience convenience and community right at your doorstep. Prime Location & Modern Living: Built in 2020, this home feels brand new, offering the finest in contemporary living. Nestled in a prestigious neighborhood known for its world-class amenities and vibrant, welcoming atmosphere, this home promises more than just a place to liveit offers an unmatched lifestyle. Embrace Elegance & Comfort: Experience luxury living at its finest in this remarkable home, where every detail has been thoughtfully crafted for your ultimate comfort and enjoyment. Welcome to your forever home, where a lifetime of memories awaits.
Source: CTAR #24008552
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24008552
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: #24008552
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.