700 Pennywell Ct, Columbia, SC 29229
4 beds · 3 baths · sqft sqft
This property also offers a rare financial advantage with a 2.75% assumable VA loan, making it an attractive option for qualified buyers. Welcome to your dream home! Nestled in the serene Lake Carolina neighborhood, this spacious 4-bedroom, 2.5-bathroom gem offers 2,856 sq/ft of elegant living space. Situated on a peaceful cul-de-sac, this residence combines comfort, convenience, and charm in one desirable package. Step inside to discover a beautifully designed interior featuring an open floor plan, and freshly painted interior perfect for both entertaining and everyday living. The gourmet kitchen boasts ample cabinetry, pantry, drop zone, and a generous island, making meal preparation a delight. The inviting living room, complete with a cozy fireplace, creates a warm and welcoming atmosphere for gatherings. Retreat to the luxurious master suite that offers two massive walk-in closets for all your storage needs. Enter your Primary bathroom featuring dual vanities, a soaking tub, a separate shower, and water closet. Don't forget the gorgeous balcony/deck off the Primary suite to enjoy at your leisure. Three additional bedrooms provide plenty of space for loved ones, guests, or a home office. Each feature a walk-in closet, ceiling fan, and share a bathroom with a tub/shower combo. Enjoy the tranquility of the outdoors in your private, fully fenced backyard, ideal for relaxation and outdoor activities. The screened back porch offers a perfect spot for morning coffee or evening relaxation. The cul-de-sac location ensures minimal traffic, providing a safe and quiet environment for loved ones. Located in the highly sought-after Lake Carolina community, you'll be close to a variety of shopping centers, amenities, and recreational options. Explore the scenic walking trails, enjoy the nearby parks, or take advantage of the vibrant community events. Don't miss this opportunity to own a beautiful home in one of Blythewood's premier neighborhoods. Schedule a showing today and experience the perfect blend of comfort, style, and convenience!
Source: COLUMBIASC #586190
Interest rate and monthly payment estimated based on public records.
Source: COLUMBIASC #586190
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: #586190