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$550,000

257 Delbourne Ln, Greer, SC 29651

5 beds · - baths · sqft sqft

Welcome to 257 Delbourne Lane in The Manor at Abner Creek! Stunning 5 Bedroom home with over 4200 square feet of living space in Greer! This is the popular Parkside model of Meritage Homes. The curb appeal of this home is gorgeous, featuring brick and stone accents and a rocking chair front porch. Bright two story foyer with hardwoods extending throughout the main living area. Crown moldings throughout the main floor and second floor. Shadow box molding in the dining room, bedroom/office, great room and breakfast area. To the right of the foyer is a spacious formal dining area with a tray ceiling. This model was designed with living and entertaining in mind and offers generous space between the kitchen, great room, and breakfast area. The open floor plan and large windows throughout fills this home with natural light. The gourmet kitchen is amazing and includes a tiled backsplash, granite counters, stainless steel appliances, double wall ovens, a gas cooktop, built-in microwave, pendant lighting, lazy susan, walk-in pantry and seemingly endless counter space. The kitchen overlooks a generous breakfast area and an enormous great room with built-in bookshelves surrounding a cozy fireplace. There are two bedrooms on the main level along with a full bathroom. One bedroom is located to the left of the foyer and can be used as an office or a guest room. The other bedroom on the main floor is very spacious and can be used as an in-law suite. Well appointed curved hardwood staircase with wrought iron spindles leads to a sizeable loft overlooking the two story foyer. On the other side of the loft area is a walk-in laundry room. There are three additional bedrooms upstairs with large closets including a master bedroom suite that is unbelievable! The master bedroom has a spacious sitting room, tray ceiling, a private bathroom and 2 walk-in closets. The master bathroom has a double vanity, an oversized tiled shower and a large soaker tub. Set between the master and secondary bedrooms is a gigantic media room that includes a wet-bar with a mini refrigerator space. Plenty of room for BBQ's and entertainment in the fully fenced in private backyard with oversized 12x18 covered back patio/porch. Just a short walk down the street leads to the neighborhood pool and community green area, which is perfect for walks or any recreational activity. Award winning district 5 schools! The neighborhood is conveniently located minutes away from BMW, GSP airport, I-85 and shopping in Greer or off of Pelham Rd in Greenville. Come see this Beautiful home today!

Interest rate 3
2.81%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,238
With Roam
$1,822
Reduce your monthly payments by $584 when you assume this mortgage.
You also save $182,973 in total interest paid.

$275,550
Edit

You may be able to put down less than the total down payment amount of $275,550 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.
Location
Details
Home
Lot size
0.23 acres
Year built
2017
Type
Single Family Residence

Source: GREENVILLESC #1526493

Loan
Remaining term
26 years, 1 month
Rate
2.81%
Monthly P&I
$1,238
Remaining loan balance
$274,449

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: Mike Skillin
Listing provided courtesy of: Real Broker, LLC
Details provided by GREENVILLESC and may not match the public record.
MLS ID: #1526493
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.
$1,238/mo
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