105 Smith Farm Way, Easley, SC 29642
3 beds · - baths · sqft sqft
This home has been exceptionally cared for in the Smith Farm community which consists of 19 houses graciously spaced out on large lots. It is perfectly nestled on a 0.57 acre lot in Easley, close to Powdersville and in the desirable Wren Schools district. The manicured lawn features a full seven zone irrigation system with a new Wi-fi controller. Step inside the spacious residence and notice the gorgeous wood floors throughout the entire first level and on the stairs. The heart of the home is the bright & happy Kitchen with unique cabinetry, granite counters and an extra-large island with built-in dining table at the end, perfect for casual meals. Adjacent to the Kitchen is the large Breakfast Room with bar seating… an ideal spot for your morning coffee. The open floor plan showcases a large Great Room complete with a cozy gas log fireplace and the formal Dining Room is useful for those holiday family gatherings, or make it a Library as these owners did! For those who work from home, the large Office with French doors provides a quiet workspace. Upstairs, there are three bedrooms and a large versatile Loft that can easily be transformed into a 4th Bedroom, providing ample space for your family. The Master Suite is a true retreat with multiple spacious closets providing plenty of storage. The hall bath has been tastefully updated and the attic has loads of storage space. Be sure to check out the additional storage under the deck and in the crawl space! The expansive THREE car garage offers plenty of room for vehicles and storage. Now step outside to discover the thoughtfully constructed three-tier deck. Whether you're lounging on the seating deck, cooking your favorite meals on the grilling deck, or relaxing on the lower tier in the top-of-the-line Thermospa hot tub that seats up to eight, this outdoor space is designed for enjoyment and relaxation. An additional outbuilding offers endless possibilities…Use it as a Garden Potting Shed, a She-Shed, a He-Shed, or simply for storing your lawn equipment! All appliances including the washer and dryer convey with the property, making your move-in process seamless and hassle-free. Agent is the Owner.
Source: GREENVILLESC #1538280
Interest rate and monthly payment estimated based on public records.
Source: GREENVILLESC #1538280
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: #1538280
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