Welcome home to 229 Mohawk Drive, a well-maintained brick ranch offering the perfect blend of comfortable everyday living, timeless character, and the opportunity to personalize over time. Situated on a generous, level lot in one of Spartanburg's established west side neighborhoods, this inviting residence combines spacious living areas, beautiful hardwood flooring, and an outstanding location close to everything today's buyers desire. Step inside to a welcoming front living room bathed in natural light, creating an inviting first impression and offering the flexibility to serve as a formal sitting room, home office, music room, or additional gathering space. Just beyond, the adjoining dining room provides the perfect setting for holiday celebrations, dinner parties, or everyday family meals. The heart of the home is the refreshed kitchen, featuring attractive shaker-style cabinetry, granite countertops, stainless steel appliances, abundant cabinet storage, and generous countertop workspace. An oversized breakfast bar opens seamlessly into the expansive family room, creating an easy flow for entertaining while keeping family and guests connected. The spacious family room is designed for comfortable living and memorable gatherings. Beautiful hardwood flooring, recessed lighting, a striking painted brick fireplace with built-in shelving, and multiple furniture arrangement options make this a room you'll enjoy year-round. Sliding glass doors open to the sunroom, creating a wonderful extension of the living space where you can enjoy your morning coffee, watch the kids play, host cookouts, or simply relax while overlooking the peaceful backyard. Offering three generously sized bedrooms, this home provides comfortable accommodations for families. The primary suite offers a comfortable retreat complete with its own ensuite bathroom allowing homeowners the convenience and privacy they appreciate. Two additional bedrooms are well-proportioned with ample closet space and are served by a beautifully updated hall bath showcasing a furniture-style vanity with marble countertop, designer lighting, elegant fixtures, and a stunning freestanding soaking tub that creates a relaxing spa-inspired atmosphere. Throughout the home you'll appreciate the warmth of hardwood flooring, abundant natural light, flexible living spaces, and a floor plan that has stood the test of time. While some areas present opportunities for future cosmetic updates, the home has been lovingly cared for and offers an excellent canvas for buyers who appreciate solid construction and want to add their own style over the years. Outside, the spacious backyard offers room to garden, play, entertain, or simply enjoy the privacy of mature shade trees, including several fruit producing trees, that create a peaceful outdoor setting. The sunroom provides an ideal place to experience South Carolina's beautiful seasons. One of the home's greatest assets is its exceptional location. Nestled on Spartanburg's desirable west side, you'll enjoy quick access to great District 6 schools, shopping, and dining along the West Gate corridor, downtown Spartanburg's vibrant restaurants, boutiques, and local events in addition to Spartanburg Regional Healthcare System and numerous medical offices. Additionally, you are minutes from major commuter routes including I-26, I-85, and Highway 29, providing convenient access to Greenville, Greer, GSP International Airport, and surrounding Upstate communities along with parks, recreation, golf, walking trails, and many of the amenities that make Spartanburg one of the Upstate's fastest-growing communities. Whether you're searching for your first home or your forever home offering generous living space in an established neighborhood, 229 Mohawk Drive presents an outstanding opportunity. NOTE: if desired, a community pool membership is also available.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
