70 Cowdray Park, Columbia, SC 29223
5 beds · 7 baths · sqft sqft
****Newly Appraised and Attractively Priced in WildeWood**** A gorgeous, 6,429 sq. ft. luxury estate in Wildewood, Columbia, SC, is an exceptional opportunity for buyers. Featuring five spacious bedrooms and 6.5 bathrooms, including: Primary suite on the main level with a stunning must-see bathroom and a luxurious jetted jacuzzi tub. Step into an inviting space filled with natural light and high ceilings, perfect for creating a bright and welcoming atmosphere. You'll be welcomed by the morning sun while you have your morning coffee! The heated gunite pool with a waterfall and hot tub, along with the fantastic outdoor covered area, make this home an entertainer's delight. Culinary enthusiasts will appreciate the scullery kitchen, designed to keep the main kitchen pristine for gatherings. Can we talk about the third level? A generous media room and mini kitchen—ideal for celebrations or multi-generational living. Two additional spaces provide perfect settings for home offices. Every detail has been considered, including three new HVAC systems installed in 2021, ensuring year-round comfort. With breathtaking golf course views, a Tesla supercharger-equipped 3-car garage, and secure electric fencing for pets, this property isn't just a home—it's a sanctuary. Don't miss this unparalleled blend of luxury and tranquility in the prestigious Wildewood neighborhood. Schedule a showing today to experience this exceptional home firsthand.
Source: COLUMBIASC #580905
Interest rate and monthly payment estimated based on public records.
Source: COLUMBIASC #580905
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #580905