5420 Percival Ln, North Charleston, SC 29420
3 beds · 2 baths · 1,710 sqft
One-of-a-Kind Home in a Charming Neighborhood! Welcome to 5420 Percival Lane, a truly unique home nestled at the end of a quiet, oversized cul-de-sac in a fantastic neighborhood right off Dorchester Road. This home was custom-built with soaring ceilings and expansive windows, allowing for an abundance of natural light throughout. The spacious living room boasts an open floor plan, high ceilings, and an electric fireplace, creating a warm and inviting atmosphere. The kitchen features granite stone countertops, while the grand foyer offers a perfect space for welcoming guests. All bedrooms are conveniently located on the right side of the home, including two spare bedrooms that share a large bathroom. The primary suite is a retreat of its own, featuring vaulted ceilings, a large walk-in closet, and a luxurious en-suite bathroom with a dual vanity, a two-person jacuzzi tub, and a separate shower. This smart home is designed for modern living, with smart light switches, motion-activated kitchen lights, and security cameras (front and back) with a centralized 2TB memory system. The HVAC system is only two years old, ensuring efficiency and comfort. Outside, the private backyard backs up to serene woods, making it the perfect place to relax or let pets run freely. With plenty of grassy space, it's ideal for play or entertaining. Additional features include a two-car garage, washer, dryer, and refrigeratorall includedplus the option for buyers to negotiate select furniture. The neighborhood is full of character, featuring mature trees, a welcoming community, and convenient access to top-tier grocery stores like Publix, Harris Teeter, and ALDI. Wescott Park is just a short drive away, and a variety of great restaurants are nearby. Don't miss this opportunity to own a truly special home in a prime location! Schedule your showing today.
Source: CTAR #25005300
Financials
Source: Public records
Source: CTAR #25005300
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.