836 Forrest Dr, Daniel Island, SC 29492
3 beds · 3 baths · 1,591 sqft
Marshfront views and the largest lot in the neighborhood is what you get here at this extensively upgraded home on the Island in Governors Cay. Notice the difference here with this meticulously maintained home as soon as you arrive. The long driveway provides distance front he home off of the street and extra parking. This elevated construction home has a large garage bit enough for 2-3 cars and a couple of your toys too.Enter through the front to the family room and notice the hard surfaced flooring and the 10 ft ceilings. The main level brings in tons of natural light during the day through the windows on every wall. The family room has a fireplace and opens to the all white kitchen with quartz counters, stainless appliances and soft close cabinets. The kitchen opens to a breakfast/dining space. Right off the kitchen and dining area is the elevated screened porch where you can enjoy marshfront views and lowcountry living in the evenings. There is no carpet in this home and upstairs upgraded flooring to match the downstairs. The master bedroom is spacious with a balcony porch and a bathroom with double vanities and large a separate rain head shower. The master bedrooms closet has been fully customized and makes excellent use of the space with drawers, spacers and is a huge bonus for this floorplan. Also upstairs is the laundry room where there are built in cabinets, 2 more bedrooms, a full bathroom. The neighborhood includes a dock to amenities island, 2 crabbing and fishing docks, a screened pavilion and a floating dock that is perfect for your activities on the water. Live centrally and right near the highway and get anywhere in Charleston in a flash. This neighborhood is even better in person so schedule your showing today!
Source: CTAR #25004791
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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 #25004791
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.