621 Tayser Ct, Lexington, SC 29072
4 beds · 2 baths · sqft
Get a free consultation call with an expert in the mortgage assumption process.
Ranch with multi purpose room over garage in Lexington's Prescott Glen neighborhood ready for quick move-in! Nestled among towering trees, this charming ranch-style home offers a unique "treehouse" feel. Step inside to discover a spacious open floor layout featuring 4 bedrooms, including a primary and two additional bedrooms on the main floor. The high ceilings, LVP flooring and Fireplace enhance the cozy atmosphere, complemented by a large FROG with a closet that can serve as a fourth bedroom, home office, or game room. The functional kitchen has all new appliances, a pantry, and a convenient island perfect for casual dining or meal preparation. A dining room overlooks the main living area, ideal for hosting gatherings and entertaining guests. The primary suite has vaulted ceilings, a generous walk-in closet, and a private bath complete with a soaking jetted tub and separate shower. Recently upgraded with new tile. The home sits on a private nearly half-acre lot, the largest in the neighborhood, featuring a fully fenced backyard backing up to wetlands with no rear neighbors. Flood insurance NOT REQUIRED. Theres a double deck that offers a perfect spot for a hot tub or outdoor entertaining. Additional highlights include a central vacuum system and a workshop area in the crawl space for ample storage. Located in the acclaimed Lexington One school district, this is a pool and clubhouse community. With a pre-inspection completed and a brand new roof in July 2024, this one is move in ready and easy to show. Seller says lets make a deal!
Source: COLUMBIASC #595121
All values shown are estimated costs / mo.
Source: Public records
Source: COLUMBIASC #595121
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.
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.
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.
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 620, 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.