216 Barrett Dr Mauldin, SC 29662
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About this home
*** New Price, Great Deal *** Welcome to 216 Barrett Drive, ideally located between Mauldin and Simpsonville. Built in 2006 on a .33-acre lot, this 3-bedroom, 2.5-bath home offers approximately 2,100 sq. ft. of living space. The main level features a spacious great room, dining area, and kitchen with an easy flow for everyday living and entertaining. All three bedrooms are conveniently located on the first floor, including the owner suite with a walk-in double shower (added in 2019). Upstairs, a versatile bonus room with closet and half bath provides the perfect option for a fourth bedroom, office, or playroom. Outdoor living is a highlight with a 36 × 12 composite deck overlooking the large, flat backyard with fire pit and new fencing. Recent updates include a New Roof, New HVAC, New Hot Water Heater, and New Stove and New Kitchen Single Sink. Crawl space has ground barrier and sump pump for added protection. Conveniently situated just 5 minutes from I-385, 15 minutes from Downtown Greenville, and 20 minutes from GSP International Airport. This home is waiting for its new owner to add personal touches and make it their own.
Source: GREENVILLESC #1569032
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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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