205 Allendale Abbey Ln Simpsonville, SC 29681
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About this home
Welcome Home! This one-story beauty offers the perfect mix of style, function, and convenience. Upon arrival, you'll be greeted by the well-kept exterior and thoughtfully designed landscaping. Inside, you'll find exquisite architectural details and many tasteful seller upgrades. The spacious main living area includes a charming gas log fireplace, hardwood floors, crown molding, and impressive 10-foot ceilings. The adjacent kitchen is a chef's dream, featuring high-quality appliances, stunning quartz countertops, ample cabinet space, coffee bar, quartz backsplash, recessed and under-cabinet lighting, and a pantry for extra storage. The oversized island peninsula and barstools are ideal for meal preparation or casual dining. The upgraded kitchen appliances include a double oven with both convection and conventional settings, a side-by-side refrigerator, a gas cooktop, a built-in microwave, a dishwasher, and a garbage disposal. The formal dining room features beautiful wainscoting, and a large window, making it perfect for entertaining. Bask in the natural light of the sunroom, with its wall-to-wall windows, and vaulted ceiling. Step beyond the french doors to reveal the breathtaking enclosed patio addition, designed for year-round enjoyment. This enclosed porch showcases an EZ Breeze window system, adjustable sunshades, two ceiling fans, and lofty vaulted ceilings. The large backyard has a lush lawn that is partially enclosed by an adorable white picket fence that provides a secure pet or play area. The primary suite is a true retreat, complete with a lovely tray ceiling. The ensuite bathroom features quartz countertops, a renovated tile shower with a glass door and bench, and a spacious walk-in closet. The other two bedrooms are comfortably sized and share a full bathroom nestled between them. The two-car garage is conveniently located off the laundry room and includes a second refrigerator. Other upgrades include luxury vinyl flooring, a tankless water heater, recently cleaned HVAC ducts, and much more. Located in the desirable Gresham Park community, you'll enjoy access to the community pool, clubhouse, award-winning schools, and lawn maintenance—all within close proximity to Five Forks shopping and dining! 205 Allendale Abbey Lane isn’t just a house, it’s a home.
Source: GREENVILLESC #1567034
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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.