7 Lee St, Liberty, SC 29657
5 beds · - baths · sqft sqft
Price IMPROVEMENT!!! The seller's are motivated and know that you are going to love the charm and characteristic of this historic home. Have you ever envisioned you and your family, loving and growing in a home that has such rich history? When you buy a historic home it puts you in touch with the history of the local towns heritage. This historic downtown Liberty SC home has so many stories to share. Whether you’re starting a new family or wanting to have a quiet place to read to your grandchildren. This is the home you don’t want to pass by. The home was built before 1904 but the earliest Records show it was in existence as of 1904. It has been beautifully preserved and has kept most of its original features. It has been important to previous and current owners to maintain the integrity and architectural design at its original state. Built hand made-bricks, beautifully maintained original staircase, hardwood floors throughout, and built-in bookcases filled with libraries full of historic books make this home filled with years of love ready to pass on to you. Every room has a fireplace with original doors, original woodwork and not to mention the home would be fully furnished with valuable Antique furniture. There has been upgrades to the home in the past several years including roof, windows and HVAC installed just two years ago. This home sits on 2 lots with water and electricity on both. In addition, there is a detached garage with power! Conveniently located to Clemson and Greenville. Lakes and Mountains are just a short drive away. Home is priced to sell and I promise will not last long! Grab your piece of history and be the next caretakers of this historic home of one of our amazing towns in Upstate South Carolina!!
Source: GREENVILLESC #1534518
Interest rate and monthly payment estimated based on public records.
Source: GREENVILLESC #1534518
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.
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.
MLS ID: #1534518
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