It doesn't get any better! IMMACULATE and has an assumable loan opportunity for a qualified Buyer.! When you walk into a home there is usually a first thought or impression and immaculate will be yours when you enter 137 Brant! Modern meets contemporary elegance throughout this home from the eccentric modern light fixtures that catch your eye upon entry down to the black pulls and knobs carefully selected to adorn each cabinet. Your eye will barely make it past the family room before you are drawn to the kitchen which boasts a large granite island and a suite of stainless steel appliances featuring a Cosmo gas range which sits under an elegant hood vent with stucco plaster finish for durability and marble inlay which was custom made on site. If you choose the garage entry, you can leave your worries and your bags at the drop zone!Just past the drop zone you will also find a spacious walk-in pantry large enough to hold everyone's favorite snacks. A guest or MIL bedroom and full bath round out the first floor of this elegant home. When you head upstairs, you will find an oversized owner's bedroom with en suite boasting a large shower, double vanity, garden tub, a huge walk-in closet and separate water closet. The laundry is located just outside the Owner's suite for the convenience of everyday living. There are 2 more spacious guest rooms upstairs as well as a very large loft perfect for use as a flex space, play room, office or movie area. This home built in 2022 has barely been occupied and you can see it as the carpet look freshly laid throughout. Back downstairs you will find a patio that has been set up for serene nights relaxing in the South Carolina night air! No doubt the owner's have cared for this home with kit gloves and you can reap the benefits. See what life in The Ponds is all about surrounded by trees, ponds and natural areas. The drive in is like no other in town! The constant community activities include something for everyone whether you enjoy the weekly food trucks, fresh market under the oaks each month with music and vendors or the golf cart parades, Witches Walk and Ugly Sweater stroll.
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.
