506 Timber Walk Dr, Simpsonville, SC 29681
3 beds · - baths · sqft sqft
WELCOME HOME to this stunning updated home with 3Br 2.5 Bath and large flex room that could be a 4th bedroom/office. This beautiful home is located in the quaint town of Simpsonville that conveniently located with easy access to interstates, shopping and schools. Meticulously maintained and updated style home has everything you have been looking for. Some of the great features are, newer luxury vinyl flooring, fresh paint, large formal dining room, modernized kitchen with quartz counter tops, subway tile back splash and ample counter space at the bar area, stacked rock fireplace with gas logs, and all updated bathrooms. This is a move in ready home with a substantial size warm and inviting family room that overlooks the breakfast nook and upgraded kitchen. The large picture windows give a great view of the back yard with encompassing privacy fence also includes large deck with newer Trex flooring, raised garden area, and the shaded covered canopy that remains with the home. The wooded area behind the home gives perfect privacy for entertaining. Upstairs you will find 4 large bedrooms that have been freshly painted and 2 updated bathrooms. A large double car garage with epoxy flooring. Schedule a tour to view all the great amenities this home provides. Timber Walk neighborhood boost a large common area with playground, walking trails for great exercise, gazebo for relaxation and streetlights.
Source: GREENVILLESC #1538616
Interest rate and monthly payment estimated based on public records.
Source: GREENVILLESC #1538616
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: #1538616
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.