220 Oak Shores Rd Anderson, SC 29625
Your savings
About this home
NEW FHA Compliant foundation and detitled mobile home on 1.72-acre property with a spacious 3 bedroom, 2 bathroom mobile home your new retreat! Step onto the large front porch, partially covered, with a sliding glass door that opens into the dining room — the perfect spot to enjoy your morning coffee. Inside, you’ll find nearly 1,800 sq. ft. of living space with an open floor plan, featuring a generous living room, dining area, and a cozy gas log fireplace. A TV has even been left for the new owner to enjoy! The remodeled kitchen shines with stainless steel appliances, including a refrigerator, dishwasher, glass-top stove, and microwave. The laundry room includes a washer and dryer. Master Bedroom has a large ensuite bathroom with standing shower, garden tub, double sink and a generous walk in closet. 2 more bedrooms and second bath across the hall. Out back, a large deck is ideal for entertaining, while the property also offers a 2-car carport, a shed, plus a second shed on the opposite side of the lot for even more storage. Best of all, this is unrestricted property, so bring your farm animals and enjoy the freedom of country living. This home has being sold as-is, seller does not want to make any repairs. Some pictures are virtually staged.
Source: GREENVILLESC #1570717
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.