702 Laurel Meadows Pkwy, Greenville, SC 29607
3 beds · 3 baths · sqft
One of the best parts! The buyer has the possibility to qualify to assume a 3.68% interest on this house ! A rare opportunity to lock in an incredible rate in todays market. Looking for the perfect home? This stunning 3-bedroom, 2.5 bathroom house offers a modern, move-in-ready space with newly renovated kitchen with a farmhouse sink, granite countertops and a reverse osmosis filter. There is brand-new flooring throughout the home. Enjoy spacious living areas, high ceiling living room, plenty of storage, and a layout designed for comfort. Master Suite has His and Her closets, and a linen closet. Private backyard backing up to a beautiful creek, with plenty of space to host outdoors, or relax by the fire pit, and comes with a shed to help you keep all of your yard supplies stored handy. Community has a swimming pool for the hot summers. The neighborhood is 2 minutes away from Sunset Park, 5 minutes from Springfield Park, and 7 minutes from Conestee Park and Nature Preserve, which also connects to the Swamp Rabbit Trail. Perfect for outdoor fun or keeping children active. Home is centrally located, just 15 minutes from downtown Greenville, 15 minutes from the busy woodruff rd., and connects to i85 in less than 10 minutes or i385 in less than 15 minutes! Don’t miss out on this fantastic deal – schedule a showing today before it's gone! MUST SEE.
Source: GREENVILLESC #1551081
Financials
Source: GREENVILLESC #1551081
Source: Public records
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%. 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.
Other resourcesWhat 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.