285 Joann Cir, Fair Play, SC 29643
4 beds · - baths · sqft sqft
Looking for a Lake Front Home on Hartwell? This Lake Home is situated on .63 acres with an additional vacant lot included to make a full .99 acres with 250' of shoreline and 2 Docks. Large Detached, 2 Car garage with Electricity is perfect for YOUR Work Shop or whatever you choose. This Home Offers 4 Beds, 3 Full Baths, with 3 Bedrooms on the Main Floor, Gas Fireplace, and Stainless Steel Appliances with Double Oven. Partially Finished Basement with 4 Rooms (2 Being used as Bedrooms), a Full Bath and extra Storage. Take your choice of Relaxing on the Front Porch with the Koi Pond, OR Relax and Unwind on the covered back deck and enjoy the scenery. Roof is approx. 6 years old, HVAC approx. 6 years old, New Heat Pump 2018, and Solar Panels will be paid off a closing, so you can take advantage of the Low utility cost. This home will not last long. Come Take A Look For Yourself before this Lake Home is Gone!!
Source: GREENVILLESC #1538603
Interest rate and monthly payment estimated based on public records.
Source: GREENVILLESC #1538603
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: #1538603