1 Glencove Ct, Simpsonville, SC 29681
5 beds · - baths · sqft sqft
*OPEN HOUSE Saturday, 11/23/2024 2-4p.m.* This spacious 5-bedroom, 2 1/2-bathroom home is located in the sought-after neighborhood of Eastridge, located near Southside Christian School, shopping and restaurants. Situated on a large corner lot, this property provides plenty of space inside and out, perfect for family living. The home has a formal living room which could be used as a home office along with a great room, formal dining room, open kitchen and breakfast area. The great room has new flooring and a wood-burning and gas fireplace, creating a warm and inviting atmosphere. Brand new carpet was just installed on the stairs and all of the upstairs hallway and bedrooms. The master suite is a retreat and features a tray ceiling, double sinks, separate shower and a relaxing garden tub. The remaining four bedrooms are spacious and provide ample storage space for guests. Additional storage available in the 5th bedroom, built in shelving in the garage and outdoor shed. The home features a new furnace and freshly painted shutters for a clean modern look. Included downstairs are the plantation shutters which allow for lots of natural light, well-maintained and ready for you to move right in. A large fenced in backyard with a shed, providing plenty of space for children and pets to play. The deck is a great addition for entertaining along with the large patio. Come see this home today in one of the greatest locations of Simpsonville!
Source: GREENVILLESC #1542389
Interest rate and monthly payment estimated based on public records.
Source: GREENVILLESC #1542389
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.
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 “Get Notified” 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 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.
MLS ID: #1542389
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.