Welcome to 1134 Beechfern Circle, located in The Park at Woodcreek Farms, one of Elgin's most desirable communities. This spacious and beautifully designed home offers 3 bedrooms, 3 full bathrooms, a 3-car garage, and a partially finished walkout basement, providing plenty of room for everyone to live, work, and play.The main level features a luxurious owner's suite filled with natural light, complete with walk-in closets, double vanities, and a large spa-inspired shower. Just off the foyer, you'll find a versatile flex space that can serve as a formal dining room, home office, or sitting area. The heart of the home is the stunning chef's kitchen, complete with a large center island, granite countertops, stainless steel appliances, abundant cabinet space, and a bright eat-in dining area. The kitchen flows seamlessly into the expansive living room, creating the perfect space for gatherings with family and friends. Step outside onto the deck and enjoy peaceful mornings or relaxing evenings overlooking the backyard.Upstairs, you'll find two generously sized bedrooms, a full bathroom with dual sinks, and a spacious loft ideal for a playroom, media room, home gym, or additional office space.The partially finished walkout basement with (ruff in electrical, plumbing, and HVAC in place) adds even more flexibility with endless possibilities for recreation, hobbies, storage, or future expansion.Outside, the large backyard offers ample space for gardening, outdoor entertaining, a future pool, or simply enjoying South Carolina's beautiful weather.Residents of The Park enjoy access to a community swimming pool and the exceptional amenities of Woodcreek Farms. Conveniently located just minutes from shopping, dining, and entertainment at the Village at Sandhill, this home offers the perfect combination of space, comfort, and convenience.If you've been searching for a home with room to grow and a location you'll love, this is one you won't want to miss. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
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.
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.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
