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.
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: #1530716
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.