104 Oak Forest Dr Greer, SC 29650
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About this home
Assumable loan - Call agent for details. Welcome to your spacious Eastside retreat! This charming 5-bedroom, 3-bathroom ranch-style home, zoned for Riverside Middle and Riverside High, has the perfect blend of comfort and convenience. Step inside to discover gleaming, easy-to-maintain hardwood floors that flow seamlessly throughout the main living areas. The expansive living space is bathed in natural light, particularly in the mornings, thanks to the beautiful east-facing picture window. The heart of the home is the inviting living area, featuring a cozy wood-burning fireplace, ideal for cool evenings. The kitchen boasts ample cabinet space, stunning granite countertops, and a casual dining area overlooking the backyard. Entertain with ease in the formal dining room, complete with elegant built-in shelving, perfect for displaying your favorite décor. The owner's suite is a true sanctuary, featuring a walk-in closet and a dual vanity en-suite bathroom. Four additional generously sized bedrooms provide plenty of space for family, guests, or a home office. Recent updates include a tankless water heater (installed in April 2022) for endless hot water and a new HVAC system in 2019. Step outside to your private oasis. Enjoy the covered porch and a large deck, perfect for grilling and relaxing by the sparkling in-ground pool. A convenient outdoor half-bath by the pool adds to the enjoyment of outdoor living. The large, flat backyard is a great space for recreation and gardening. Located on a quiet street with no HOA, this home provides a peaceful setting while being just minutes from downtown Greer, GSP Airport, and BMW, and a short drive to downtown Greenville. Enjoy the convenience of nearby shopping and dining. While the roof was replaced in 2008, it has been well maintained, and the home has been meticulously cared for. This property provides a fantastic lifestyle in a desirable location. Come see your new home today!
Source: GREENVILLESC #1551946
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.