Welcome to 282 Braselton Street, perfectly positioned in the heart of the Upstate with convenient access to Greenville, Spartanburg, Greer, and Woodruff. Located in the desirable Mayfield Crossing community and zoned for Abner Creek Schools, this home offers a rare blend of a peaceful, rural feel while remaining close to everything you need. GSP International Airport and Pelham Medical Center are just 8 minutes away, BMW Manufacturing is 9 minutes away, and I-85 access is only 6 minutes from your door. Shopping and dining along Pelham and Woodruff Roads are within a 13 minute drive, with the Westside of Spartanburg reachable in approximately 20 minutes. Meticulously maintained by the original owners, this home features a thoughtfully designed floor plan ideal for everyday living and entertaining. Upon entry, a formal dining room leads into the open concept kitchen equipped with a gas range, abundant cabinetry with tall uppers, a large walk-in pantry, and a convenient Butler’s pantry connecting the kitchen and dining room. A breakfast bar and informal dining area flow seamlessly into the spacious great room filled with natural light and offering flexible furniture arrangements and a gas fireplace for winter evenings. A main level guest suite with a full bath provides excellent versatility. Upstairs, a generous open landing leads to three exceptionally large guest bedrooms, each with oversized walk-in closets and a guest bath featuring a double vanity. The primary suite offers vaulted ceilings, dual walk-in closets, and a well appointed bath with a garden tub, walk-in shower with bench, double sinks with sit down vanity, and a private water closet. A walk-in laundry room and a finished two car garage complete the interior layout. The backyard is truly a standout feature, highlighted by a professionally built screened porch with a vaulted tongue and groove stained wood ceiling, a stamped concrete patio with fire pit area and built in rock seating, extensive landscaping with irrigation, and fencing on both sides for privacy. A wrought iron style aluminum fence along the rear provides an open view beyond the yard giving you a more spacious feel. This home offers an exceptional combination of location, floor plan, and outdoor living at an outstanding value. Schedule your private tour today.
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.
