305 Albemarle Ln, Greer, SC 29650
3 beds · 3 baths · sqft
Get a free consultation call with an expert in the mortgage assumption process.
**PRICED 20k Under Recent Sales & VA Assumable Rate of 3.25%**Welcome to 305 Albemarle Ln! A beautifully maintained townhome built in 2021, located in the desirable Mayfair Station community. This home features three spacious bedrooms, two and a half bathrooms, and a large additional room that offers flexibility for a fourth bedroom, media room, playroom, or home office. Just 5 minutes from Historic Downtown Greer and close to Century Park, this home combines comfort, convenience, and style, with a main-level primary suite for added ease. As you enter, you’ll be greeted by stunning LVP flooring that flows seamlessly throughout the open-concept living areas. The bright and formal dining room, currently used as an office, is flooded with natural light and positioned near the front of the home. The expansive great room features vaulted ceilings, creating a perfect space for both entertaining and quiet relaxation. The kitchen is a chef’s dream with modern stainless steel appliances, granite countertops, a subway tile backsplash, a large island with bar seating, and a gas range stove. The spacious primary suite located just off the kitchen, includes a generous walk-in closet and a luxurious en suite bathroom with a walk-in tiled shower and dual vanities. Upstairs, two additional well-sized bedrooms with large closets share a full bathroom, making this home ideal for family and guests. The versatile flex room with a door for privacy offers endless possibilities and can be customized to suit your needs. Step outside through the glass door from the great room to the covered back patio, where you’ll enjoy a private, fenced-in backyard- perfect for pets and outdoor gatherings. The attached one-car garage provides ample parking and storage, and the HOA takes care of lawn maintenance, giving you more time to enjoy neighborhood amenities, including a dog park. The walls of this unit are sound proof and fireproof. Located just minutes from shopping, dining, hospitals, and with easy access to I-85 and GSP international airport, this home is the perfect balance of comfort, convenience, and location. Don’t miss out- schedule your showing today!
Source: GREENVILLESC #1553131
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: GREENVILLESC #1553131
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.
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.
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.
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.
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.