304 Mar Mac Rd, Anderson, SC 29626
4 beds · 3 baths · sqft
We are BACK with 304 Mar-Mac! **This home is being sold "AS IS" as a bank short sale. Please be advised that offers must be submitted to the loss mitigation department, which may have a longer turnaround time for responses. Closing may also take 60-90 days; please plan accordingly. This single story all brick ranch has updated and expanded since its original construction. If you’ve been looking for a home “close to town and not on top of other homes,” this is your home! Luxury vinyl plank flooring flows throughout the home for a beautiful aesthetic and easier maintenance. The kitchen features beautiful shaker cabinets, subway tile backsplash and stainless steel appliances. The eating area is located in the kitchen - ideal for serving and entertaining! The nearby living room has a stacked stone fireplace to anchor the “heart of the home.” There are two rooms that can serve as Primary bedrooms. At the front of the home, you will find the first primary bedroom and en suite. The oversized, fully tiled shower creates a spa retreat feeling. The oversized vanity has space for getting ready for the day comfortably, and there’s also a large walk-in closet! Down the main hall of the home, you will find two more bedrooms that share a full bathroom also updated with a tiled tub/shower as well as another oversized vanity. The fourth and final bedroom of the home is another primary bedroom with en suite! Another fully tiled walk-in shower and oversized vanity serve this room. But there’s more! The large laundry room with cabinet storage is convenient to the kitchen and has access to ANOTHER room that could be an oversized storage room, a true “drop zone,” a large pantry and more! The large garage is accessed from the kitchen and “drop zone” room! There are also two outbuildings on the property for storage so you can keep your garage “open for parking.” And…this home has a NEW ROOF!!! This established area has a tree lined backyard and the limited restriction area enables you to park your boat, RV (or anything else) on your property. With Lake Hartwell being so close, you’ll easily trailer your boat to a ramp and be able to enjoy one of the southeast’s largest recreational lakes. You won’t want to miss feeling like you are “in the country” while still being close to all shopping conveniences, etc! **Property Owner previously learned of undisclosed issues with the crawlspace of the home and has had it inspected. A proposal for repairs is available (to agents) in the supplements or upon request from a buyer.
Source: GREENVILLESC #1548803
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: GREENVILLESC #1548803
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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 “Save search” 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 620, 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.
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