91 Texas Black Way, Elgin, SC 29045
4 beds · 3 baths · sqft sqft
Welcome to 91 Texas Black Way! This USDA-eligible home offers the perfect blend of rural charm and modern convenience, with the added benefit of lower Kershaw County taxes. Situated just 10 minutes from Sandhills shopping and dining, you'll enjoy the tranquility of country living without sacrificing easy access to urban amenities. Step inside to discover an open-concept floor plan that seamlessly connects the great room and kitchen, making it an ideal space for both entertaining and everyday living. The kitchen features stunning granite countertops and a large island, complemented by a walk-in pantry for ample storage and plenty of counter space for all your culinary adventures. You'll appreciate the separate dining room and formal living area, offering additional spaces for relaxation and gatherings. The laundry room is conveniently located upstairs, just steps away from the spacious primary bedroom. This retreat boasts double walk-in closets and double vanities, providing ample storage and comfort. The second floor also includes a versatile loft area, perfect for a playroom or extra lounging space. Don’t miss out on this fantastic opportunity—schedule your showing today!
Source: COLUMBIASC #592105
Interest rate and monthly payment estimated based on public records.
Source: COLUMBIASC #592105
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: #592105