5829 Yellow Dog Rd, Ravenel, SC 29470
3 beds · 2 baths · sqft
Ever Dreamed of Homesteading, No HOA, Great Neighbors, and a Pond for Fishing? Your Dream Home Awaits!If you've been longing for a peaceful escape in the country, look no further! This 3-bedroom, 2-bathroom ranch sits on an acre of land, offering the perfect balance of freedom and convenience. Enjoy the quiet comfort of the primary suite as it is separate from the other two bedrooms for maximum privacy. It has a huge walk-in closet for all your storage needs. Need extra space? The bonus room above the garage is ideal for a home office, playroom, or whatever your heart desires. Whether you're working from home or looking for a spot to unwind, this room will make it work.The kitchen features granite countertops and flows seamlessly into the living room, where you'll find a cozygas fireplace tucked into the corner, perfect for cooler nights. The breakfast nook has custom built in benches with extra storage. This home has a formal dining room to host larger dinner parties with ease. Durable hardwood veneer flooring runs throughout the main living areas and the primary bedroom, providing a cohesive and stylish look. Dream of living off the land? Plant the garden of your dreams on this ample lot! You will have plenty of room in the 2 car garage to keep all your gardening tools. The woods greet you when you step onto the patio into the backyard. The property line extends into the wood line creating privacy. Your dog can run freely in your huge backyard, and there is plenty of room for chickens and a coop. Don't miss driving back into the community and seeing the lovely pond that everyone has access to in the neighborhood. Located on a generous acre lot in Ravenel, this home is just 30 minutes from Boeing, Charleston International Airport, downtown Charleston, and under an hour to Edisto Beach, Seabrook Island, and Kiawah Island. Enjoy the best of both worlds the homesteading adventure with easy access to city conveniences, with a grocery, gas station, and pharmacy all within a few minutes of the home! Your Countryside Retreat Awaits!
Source: CTAR #24028752
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24028752
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: #24028752
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.