787 Redbud Ln, Summerville, SC 29486
4 beds · 3 baths · 2,166 sqft
Welcome to this meticulously maintained home in desirable Cane Bay Plantation. With everything you need and want in a home, while being move in-ready with BRAND NEW carpet upstairs, you'll fall in love immediately. Fresh curb appeal compliments the brick facade of the entryway. Once inside, the vaulted ceilings in the foyer greet you in a grand way while drawing you into the spacious, well designed heart of the home. The main living room is spacious and wide open to the chef's kitchen. The designated dining area is complete with a custom white-washed bricked accent wall giving southern character. Bright white updated cabinets (and plenty of them), brilliant granite countertops, and stainless steel appliances complete your ideal kitchen.The dining room is perfectly sized and overlooks the private backyard. Downstairs also features a good sized powder room and storage space! The upstairs layout is ideal and is centered around a cozy loft area. Three secondary bedrooms, shared bathroom, laundry room, storage closets are located down the hallway. An expansive Owner's Suite will help you unwind after a long day. The ensuite features an oversize five foot shower, dual vanity with cultured marble countertops, and ceramic tiled flooring. A large walk-in closet completes the suite. The backyard creates a clean slate for your perfect outdoor living. A concrete patio is well sized, and can be used for grilling, or an outdoor dining area. In the corner of the yard is a fire pit area perfect for enjoying summer nights. The yard is fully privacy fenced. Lindera Preserve is a desirable subdivision in Cane Bay Plantation, located centrally within the community close to schools, shopping, the YMCA, and easy commute in and out of the community. Amenities are plentiful and include pools, parks, walking trails and more. Cane Bay is close to military bases, historical landmarks, highways and recreational activities.
Source: CTAR #25007432
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: CTAR #25007432
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.