133 Graceland Ct, Swansea, SC 29160
3 beds · 2 baths · sqft sqft
This sweet ranch home is nestled in the lovely HOA free neighborhood of Graceland. As you walk through the door you are greeted with beautiful hardwood floors and tall, smooth ceilings. The open floor plan provides ample space for entertaining family and friends for a game night or dinner party. The kitchen is adorned with recessed lighting, a built-in microwave and a large pantry. The spacious master bedroom is complete with a large en-suite bathroom with a glass enclosed walk-in shower and separate garden tub. Picture yourself indulging in an early morning cup of coffee before starting your day in the screened-in back porch. The large, fully fenced in backyard features a back patio, which is the perfect spot for grilling out with friends while enjoying beautiful weather. This home is conveniently located near local shopping, dining and entertainment options for the entire family. Don't wait, come see this home today! **Seller is offering up to $4000 toward buyer's closing costs w/ an acceptable submission & as part of the sales contract**
Source: COLUMBIASC #594052
Interest rate and monthly payment estimated based on public records.
Source: COLUMBIASC #594052
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: #594052