40 Ridgestone Cir Mauldin, SC 29662
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About this home
40 Ridgestone Circle provides an FHA Assumable Mortgage at a FAVORABLE RATE – This is Not Your Average Townhome! Located in the heart of Mauldin SC perfectly positioned between Greenville & Simpsonville. This immaculate and updated townhome has both charm and convenience nestled along the vibrant corridor of shopping dining healthcare and entertainment- 2.5 miles from Bridgeway Station about half mile to Mauldin Cultural center and just a few minutes to Simpsonville & downtown Greenville. With standout updates from its original construction and thoughtful details throughout its truly move-in ready home with a new architectural roof and Bedroom ceiling fan lights in 2025 All dimmed recessed can lights in first floor in 2024 New Air Handler & Heat Pump in 2023 Sink garbage disposal and new LVP flooring entire main floor in 2022 Dual Flush toilets and Kitchen granite tops w/ nook in 2021 Electric water heater in 2019 Custom Patio Sliding Glass door in 2017. The Main Floor Features: Luxury Vinyl Plank flooring throughout All-new recessed can lights with dimmers for customizable ambiance. Updated kitchen with: Kitchen above cabinet LED lights Granite countertops with extended breakfast nook a farm-style sink and striking black subway tile backsplash. New smooth-top electric stove and microwave. All appliances convey- including stainless steel refrigerator washer and dryer. Upstairs Comfort: two (2) Spacious primary bedroom with ensuite bath featuring ceramic tile and tub/shower combo. The 2nd full bath features rustic ceramic tile finishes and a tub/shower. Both bedrooms have hardwood laminate flooring and a convenient laundry with stackable washer & dryer in between the rooms. Outdoor Living: Step outside through the custom double-pane sliding patio door with screen to enjoy privacy and relaxation in your large patio area enclosed by a 7-ft vinyl privacy fence with solar lighting. This home has been lovingly maintained and upgraded for modern comfort and style. Don’t miss your chance to own a turnkey townhome in a gated community with low maintenance living on one of the most convenient locations in the Upstate!
Source: GREENVILLESC #1557501
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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.