Come see this All-Brick Custom Built Home with 4 Bedrooms/5 Baths set on a beautiful small lake for your relaxing pleasure. The Woodlake subdivision is one of Columbia's finest forested neighborhoods with a Club House and Pool for your enjoyment.The house was built with entertaining in mind, large Formal Dining Room, Living Room with Bookcases, Fireplace AND Great Room with Vaulted Ceiling, Fireplace and a Spectacular view of the Lake! Each with Hardwood Floors, the hardwood floors go throughout the house on the 1st floor along with heavy molding, luxury living. The Kitchen has Tiled Floors and Backsplash with Natural Finished Cabinets and Solid Surface Counter Tops, Bar and Eat-In with a view of the Lake!The large Primary Bedroom has French Doors that open to a Sitting/Sunroom with a view of that beautiful Lake. The Primary Bath with His & Her Walk-in Closets and His & Her Vanities, Water Closet and large Shower w/seat.The other two Bedrooms have a shared Bath.The Upstairs has a den, bedroom, full bath and laundry room.There is a Covered Back Patio and open area for grilling with a Slate Floor leading to the another lower patio and Workshop with half bath. Multiple areas to entertain All with a View of a Beautiful Lake Setting.The Woodlake Community is convenient to The Village of Sandhills shopping, Award Winning Schools and quick access to Interstate I-20. 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.
