350 Kennebel Pl Fort Mill, SC 29715
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About this home
PRICED BELOW APPRAISED VALUE. BUYER INCENTIVES: #1 SELLER WILL PAY $5K TOWARDS BUYER'S CLOSING COSTS WITH ACCEPTABLE OFFER. #2 OR WITH ACCEPTABLE OFFER, BUYER MAY EXPLORE HOW TO UTILIZE THE 5K TO BUY DOWN THE RATE, SEEK OUT AVAILABLE GRANTS AND TEMPORARY BUY DOWN OPTIONS WITH SELLER RECOMMENDED LOAN PROVIDER. This elegant end unit is located in the coveted Water Side at the Catawba community. Awash with natural light, it invites you to enter. Full of interior upgrades like vinyl plank flooring through out the first floor, new Berber carpet on steps and second floor, fresh paint, lighting fixtures, quartz counters, Taexx Built-In Pest Control System, Rain Fall shower Heads, subway tile in kitchen and scrumptious gray kitchen cabinets that make this kitchen truly unique. The open floor plan will allow you to stay connected with your family and guests. The backyard patio offers great views of this quiet community and privacy fencing so you can enjoy the moment. The half bath on the first level offers a dark rich palette and textured wallpaper that gives you a slice of drama and sophistication. For those who love the outdoors, Banks Athletic Park is a block away as well as several walking trails throughout! 350 Kennebel Place is not only beautiful, but smart! It’s a “Smart Home” supported by Amazon. Offering you the technology of a Honeywell Wi-Fi Thermostats, entry door lock and lighting. Smart Homes allow you to create your own tailored environment that suits your daily needs and lifestyle. The Seller is also the listing agent for this property and is pleased to provide, with an acceptable offer, a 1-year home warranty plan with American Home Shield. All appliances are included in this sale.
Source: CANOPYMLS #4301198
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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.