302 Parkridge Way, Simpsonville, SC 29680
3 beds · 3 baths · sqft
Welcome to Baldwin Ridge. Conveniently located off of W Georgia Rd in Simpsonville with easy access to 385 and all the shopping and dining you could need close to home! Just minutes to Fairview Rd and Downtown Simpsonville you have Target, Lowes/Home Depot, Walmart and many more conveniences for daily needs. On the recreational side, you're just around the corner from Heritage Park, Vaughn's Warehouse, the Ice Cream Station, and all the new restaurants of Simpsonville's Main Street. This like new townhome was built in 2021. As you enter the first level you've got garage access, a great office/flex space and a covered patio. Enjoy the privacy of the recently added privacy fence in the back yard. As you make your way to the main level, you're greeted by a bright and open living space with a large kitchen, breakfast nook, and a spacious living room complete with a half bath/powder room. Be sure to step out back and make use of the 10x12 deck perfect for those summer evenings and morning coffee relaxing outdoors. Finally, continue upstairs to your master bedroom complete with a large walk in closet and master bath, as well as the remaining two secondary bedrooms. A beautiful three year old townhome paired with an incredibly convenient location makes 302 Parkridge Way a great option for a first time home buyer or anyone who doesn't want a lot of exterior maintenance.
Source: GREENVILLESC #1547278
Financials
Source: GREENVILLESC #1547278
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.