7 Webb Creek Ct, Travelers Rest, SC 29690
3 beds · - baths · sqft
Don’t miss your chance to own property and live in booming Travelers Rest; home to the Swamp Rabbit Trail and a town recently named by Travel + Leisure magazine among the top 15 BEST in the COUNTRY for a summer vacation. This single-story low-maintenance living home’s curb appeal is eye-catching with a charming rocking-chair front porch and attached 2 bay garage that is separated by a breezeway/covered side porch. Step inside to be greeted by an open concept floorplan with a soaring cathedral ceiling, cozy rock fireplace, large windows and French doors that allow the natural light to fill up the space. The kitchen and breakfast room feature a closet style pantry, an abundance of cabinets for storage, ample room for a dining table and bar for quick meals or socializing. You’ll also discover LVT flooring throughout the home along with 2-inch blinds, a fresh coat of paint in most rooms, pull-down attic access (new stairs), lots of closets, 3 spacious bedrooms and laundry room conveniently located off the secondary bathroom. The primary bedroom has TWO closets and a full bathroom with linen closet. Step outside onto your back deck to enjoy the flat yard that spans OVER HALF AN ACRE and faces west so you can capture the beautiful SC sunsets. The oversized garage is 25’ deep which can easily accommodate a larger car/truck or recreational vehicle and makes the perfect spot for the hobbyist to work with a 220 outlet. Updates include: Water heater < 3 years old; 3 Ton Bosch Air Handler with 7.5 KW Heat Kit installed late 2018; Architectural roof with 30-year shingle installed 2010; Septic pumped < 2 years ago; New downspouts and underground drainage pipes. Best of all… there is no HOA, there are less than 20 homes on the cul-de-sac and location is USDA 100% financing eligible.
Source: GREENVILLESC #1534656
Interest rate and monthly payment estimated based on public records.
Source: GREENVILLESC #1534656
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: #1534656
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