VA loan
1 of 30
VA loan
$319,900

105 Terilyn Ct, Greenville, SC 29611

3 beds · - baths · sqft sqft

Welcome to your new haven at 105 Terilyn Court, a remarkable 3-bedroom, 2-full bathroom home exuding charm and modern updates. This inviting residence is move-in ready and awaits its new owners to create lasting memories. Step inside to discover brand-new Pergo luxury plank flooring adorning the main level, with fresh carpeting in the secondary bedrooms and an upstairs room. The open floor plan seamlessly connects the living spaces, providing ample room for entertaining guests while maintaining privacy between the master suite and secondary bedrooms. The expansive master bedroom boasts a generous walk-in closet and a luxurious en-suite bath complete with a separate shower, garden tub, dual sinks, and a private toilet closet. Natural light floods the interior, highlighting the new plank flooring that gleams throughout the home. Embrace culinary adventures in the spacious kitchen, equipped with an abundance of counter space and all-new stainless-steel appliances. Upstairs, a versatile room awaits, perfect for a kids' play area, a cozy family room, or a private office space for remote working families. Beyond the stylish interiors, the exterior of the home captivates with a harmonious blend of vinyl siding, hardy board planks, and stone accents - creating a picture-perfect curb appeal. Situated in a well-established neighborhood with no HOA fees, this property offers both convenience and tranquility. Located less than 5 miles from downtown Greenville and just 17 miles from Greenville-Spartanburg International Airport, this residence combines suburban serenity with easy access to urban amenities. With the home currently vacant and move-in ready, your next chapter begins today. Don't miss out on this exceptional opportunity!

Interest rate 3
3.75%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$740
With Roam
$935
Reduce your monthly payments by $194 when you assume this mortgage.
You also save $47,625 in total interest paid.

$193,185
Edit

You may be able to put down less than the total down payment amount of $193,185 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
0.27 acres
Type
Single Family Residence

Source: GREENVILLESC #1540029

Loan
Remaining term
20 years, 5 months
Rate
3.75%
Monthly P&I
$740
Remaining loan balance
$126,714

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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.

Will an assumption work for me?

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An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

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Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

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Last updated: Oct 22, 2024 11:02 pm
Listing agent: Justin Bailey
Listing provided courtesy of: Century 21 Blackwell & Co. Rea
Details provided by GREENVILLESC and may not match the public record.
MLS ID: #1540029
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Greater Greenville Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Greenville Association of REALTORS®. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$740/mo
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