101 Hedge Rose Ct, Travelers Rest, SC 29690
5 beds · - baths · sqft
Gorgeous Basement Home Near Downtown Travelers Rest! Located just a few minutes from the Swamp Rabbit Trail in beautiful Downtown Travelers Rest, this amazing basement home is perfectly situated on a large, low-maintenance lot with woods and a creek with a short path through the woods to the neighborhood pool on the other side. Also located just a few miles from Paris Mountain State Park, with all the wonderful hiking, biking and other recreational opportunities it offers, this home features excellent outdoor living options, as it features both a full-length rocking-chair front porch and also a private balcony off the master bedroom suite, both featuring porch swings. The home has been meticulously maintained and is breathtaking in every way. The chef’s kitchen is a real showstopper, as it features custom cabinets, granite countertops, stainless appliances, a tile backsplash, a huge island, and a walk-in pantry. The kitchen is adjoined by both a morning room/sun room and also a formal dining room, so the home offers plenteous dining and entertaining space. The main level of the home also features two living rooms, a formal living room at the front of the home, and a great room with a gas-log fireplace at the rear of the home. Completing the main level is the 5th bedroom with an adjoining full bathroom, making it the perfect location for a main level in-law suite. The oversized master suite is on the second level and features a trey ceiling, a sitting room with the previously mentioned private balcony, his and hers walk-in closets, and a master bath with dual sinks, a garden tub, and a separate shower. There are three additional bedrooms and one additional full bathroom on the second level, as well as the conveniently-located walk-in laundry room. The unfinished basement offers over 1,700 square feet and is already heated and cooled and plumbed for a bathroom. In total, this home features 5 bedrooms, 3 full bathrooms, over 3,350 square feet of living space (nearly 5,400 when the basement is included) and features such desirable amenities as hardwood floors, trey ceilings in 4 different rooms (foyer, dining room, great room, and master bedroom), new HVAC, a newer roof, a tankless water heater, and so much more. This incredible home is priced to sell at only $525,000.
Source: GREENVILLESC #1523266
Interest rate and monthly payment estimated based on public records.
Source: GREENVILLESC #1523266
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: #1523266
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