408 Ardsley Trl, Piedmont, SC 29673
4 beds · 2 baths · sqft
Open House Scheduled on Sunday 3/30 from 2-4PM. This home has been immaculately kept! You are going to fall in love with the layout, that it shows even better in person than in pictures, has awesome outdoor space with a screened porch and deck, an extra-large storage shed outside, and no Homeowner’s Association (HOA). This 2,050+/- square foot home sits on a cul de sac lot with no neighbors in your backyard and there is room for many cars in the home’s driveway. Step inside this well maintained one-owner home to find brand new flooring and new paint so it’s truly move-in ready. This home has two living areas within, and you will love the beamed living room ceiling and wood burning fireplace. The kitchen is the heart of this home with new stainless-steel appliances, and it is open to the dining area and the two separate living spaces. There are four bedrooms and two full bathrooms. The primary bedroom is split away from the secondary bedrooms. The primary is very spacious, and it has a sitting area that is perfect for an in-home office or to house your personal hobbies. The coffered wood beam ceiling in the primary bedroom also makes this area feel extra special. Within the primary suite, there is a large full bath with dual sink vanity, large soaking tub, separate shower, and a spacious walk-in closet. The walk-in laundry room is huge with extra storage space inside. Head outside to find my favorite room of this home, the awesome screened in porch with adjoining deck. The backyard has been fully fenced and there is a very spacious storage shed.
Source: GREENVILLESC #1552164
Source: GREENVILLESC #1552164
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.
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 “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.