131 S Cleveland Park Dr Spartanburg, SC 29303
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About this home
*Price improvement!* Welcome home to this cozy 3BD/1BA bungalow located just across from Cleveland Park just a stones throw away from Downtown Spartanburg. As you arrive, you’re welcomed by a covered front porch with a perfect view of Cleveland Park’s walking trails, lake, and recreational spaces. Inside, this home showcases its character with hardwood floors and a fireplace in the inviting living room. The spacious dining room flows easily into the kitchen, which is updated with stainless steel appliances, ample cabinet space, and plenty of countertops for cooking and entertaining. The primary bedroom is generously sized with hardwood floors, multiple closets, and abundant natural light. Two secondary bedrooms are thoughtfully positioned, and the remodeled full bathroom features a tiled shower, tiled floors, updated vanity, and modern fixtures. A spacious laundry room doubles as a mudroom with added cabinetry for storage. Step outside to a private, tree-lined fenced backyard—an ideal space for entertaining. A detached two-car garage with power provides both parking and additional storage. Recent updates include new paint throughout, a new water heater (2025), HVAC (2022) and roof (2016), giving peace of mind to the next owner. With no HOA, this property offers an excellent opportunity for short-, mid-, or long-term rentals. Situated in an excellent location near I-85, downtown Spartanburg, and directly across from Cleveland Park’s amenities, this well-cared-for home is the perfect combination of charm, convenience, and comfort. Don't miss your opportunity to see this charmer of a home, schedule your showing today!
Source: GREENVILLESC #1566981
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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.
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