111 Sylvan Oak Way, Simpsonville, SC 29681
3 beds · - baths · sqft sqft
Get ready to fall in love with this spacious three-story condo! Upon entry, the foyer leads to a large owner’s suite with a full bathroom and a walk-in closet. This room has a small patio that, with a few finishing touches, could make for a beautiful space to relax in the evenings. One could easily utilize this room as a primary bedroom, guest bedroom, or den area. As you enter onto the middle level, the open floor plan and gazing natural sunlight is breathtaking. It's a sight that never gets old! You simply feel right at home. The middle level is perfect for entertaining with loved ones and includes an adjacent sunroom perfect for relaxing. The sunroom leads out to the deck providing a perfect grilling area for the hot summer nights. The kitchen has an open cut out bar, peering out towards the dining and living area which adds to the overall ambiance of the open floor plan. On the upper level you’ll find a spacious master bedroom with a walk-in closet and a full bathroom. The third bedroom is also located on the third level with its own bathroom following the same spacious theme that resonates throughout this home. This townhouse provides immense privacy and makes for a peaceful oasis that you’ll never want to leave. To top it off, HOA covers mowing, as well as deck and roofing repairs as needed. With just a three minute walk outside your door, you’ll be located in the heart of downtown Simpsonville with an array of options to choose from. In addition, located minutes from 385, you can also be in downtown Greenville in just 15 minutes. Don’t wait! Make this highly sought-after end unit your home, today.
Source: GREENVILLESC #1530716
Interest rate and monthly payment estimated based on public records.
Source: GREENVILLESC #1530716
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.
Will an assumption work for me?
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?
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.
MLS ID: #1530716