105 Mystic Ct, Simpsonville, SC 29681
3 beds · - baths · sqft
Open House Scheduled from 2-4pm on Sunday 12/1/24. Looking for a ranch home in the PERFECT LOCATION? This home is just minutes from Interstate 385 and the new Bridgeway Station for easy commuting and access to shopping/restaurants. You are going to love the open concept main living spaces, beautifully landscaped/fenced in backyard area, and that the architectural roof and HVAC are no more than 5 years old! Most of the home’s living space is located on one level. As you enter, you will find the great room, dining room, kitchen and breakfast areas are all open to each other and that there is a ton of light that floods into this home. There are three bedrooms and two full bathrooms on the main level and a walk-in laundry room that is tiled on the first floor. The primary bedroom features a spacious ensuite bathroom with soaking tub, walk-in shower, dual vanities, and two separate closets with for ample storage. The two secondary bedrooms and the coordinating full bath are split off away from the primary bedroom for added privacy. There is also a 2nd level flex room that seems like the perfect office, craft room, or additional television viewing area. Currently zoned for the highly rated Mauldin Elementary, Middle and High Schools and close to all the conveniences of shopping, dining, and major roadways, this one is a MUST SEE!
Source: GREENVILLESC #1542889
Interest rate and monthly payment estimated based on public records.
Source: GREENVILLESC #1542889
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: #1542889
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.