VA loan
1 of 35
VA loan
$519,900

211 Riley Rd, Easley, SC 29642

3 beds · - baths · sqft sqft

**Priced 15K below current appraisal** Back on market!! Sellers packed & ready to move? Check! Quick closing available? Check! Appraisal done? Check! Inspection? Check! Just WOW - an incredible 3.11 private acres where horses are allowed and there is already provisions for a second homesite on the property! 211 Riley Rd is a spectacular and spacious home with unique and exceptional details! A winding drive bordered by a split rail fence leads you to the vast parking area (8 spaces!) and gated walkway entrance. The massive Screened Front Porch is sure to be a gathering spot for visiting with friends or simply taking in the serenity of nature. Once inside, you will appreciate the meticulous care taken to update and maintain this quarter-century build! An inviting Family Room showcasing rich hardwoods, a vaulted ceiling with cathedral beams and surround sound, and a central fireplace welcomes you. Adjacent is a magnificent Kitchen that was completely remodeled to include gorgeous granite, extensive custom cabinetry with spice racks and pull-out shelving, a full array of stainless appliances - induction range, refrigerator, microwave, dishwasher, and steel hood - a granite composite sink, tile backsplash, a solar tube, and artistic tile floors! An enlarged opening to the Family Room augments the space and ensures the cook is part of the conversation. A fabulous walk-in Pantry/ Laundry with a frosted glass door and space for another refrigerator is nearby. Across the Hall sits the Formal Dining Room enhanced by a bay window and globe chandelier. Tucked around the corner is a lovely Home Office with tons of natural light that could also be a convenient nursery and a Guest Bath that was converted to a Full Bath. The Owner's Suite is sure to be a hub of relaxation with soft carpet, a bay window bench with storage, dual walk-in closets, and a Bath you will not believe! The oversized Bath is the epitome of luxury having a double vanity with make-up desk and a Maya Steam Shower with additional hardware and jetted tub! The second sizeable Bedroom with a built-in dresser and another Hall Bath are just beyond. Opposite the home is a huge Bedroom that would serve as a great In-Law or Teen Suite and a Sun Room (not pictured) with a soaring vaulted ceiling. You will be compelled to spend outdoors either relaxing on the open Deck with undermounted lighting, playing a game of tag in the big yard, tending to your plantings, or simply strolling underneath the canopy of trees! There's also a Workshop with electricity and loft storage and a fenced area for pets. There is so much more to experience by visiting this home for yourself! Call today for a private showing!

Interest rate 3
2.75%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$631
With Roam
$933
Reduce your monthly payments by $302 when you assume this mortgage.
You also save $93,638 in total interest paid.

$379,795
Edit

You may be able to put down less than the total down payment amount of $379,795 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
3.11 acres
Year built
1985
Type
Single Family Residence

Source: GREENVILLESC #1538352

Loan
Remaining term
25 years, 10 months
Rate
2.75%
Monthly P&I
$631
Remaining loan balance
$140,104

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 05:03 pm
Listing agent: Iris Wainright
Listing provided courtesy of: Carolina Moves, LLC
Details provided by GREENVILLESC and may not match the public record.
MLS ID: #1538352
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.
$631/mo
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