Don't miss this freshly updated, Single-Level, beauty that boasts character and convenience! 407 Jewelwood Dr is ideally situated between Greenville and Spartanburg, just minutes from retail and dining along Highway 29 and a new Publix shopping center coming soon! It is also near historic downtown Greer and revitalized downtown Inman, with a scenic drive to picturesque Landrum. This stunning full-brick home features approximately 2,300 square feet of thoughtfully designed living space. A welcoming covered entry, arched window, and transomed front door create remarkable curb appeal. Inside, you’ll find fresh paint throughout, along with new flooring, lighting and plumbing fixtures. The main living areas feature new luxury vinyl plank flooring, offering both durability and style. The spacious layout begins in a striking Foyer that leads into the large Family Room crowned by a vaulted ceiling and punctuated with a cozy gas log fireplace and sleek, modern fan. There is also a ceiling alcove for decorative displays and an aperture between the Kitchen, further enhancing the airiness of the home. Speaking of the Kitchen…you'll find granite countertops, stainless steel appliances, a brand-new range, a breakfast bar, and freshly painted cabinetry with modern hardware adding ambiance to this highly functional space. A casual Breakfast Area, highlighted by a bay window, is adjacent, while the more formal Dining Room nearby is enhanced with elegant wainscoting, crown molding, and a grand circular candelabra chandelier. The Owner’s Suite leans into comfort, featuring new carpet, crown molding, and a beautifully appointed Bath with new lighting, plumbing fixtures and mirrors, painted cabinetry, dual granite vanities, a soaking tub, separate shower, and walk-in closet. A split floor plan provides added privacy, with three additional Bedrooms located on the opposite side of the home, along with a spacious Hall Bath featuring updates and a double-sink vanity. Enjoy the advantage of being within walking distance to the community pool and zoned for acclaimed schools. This lovely home truly checks all the boxes - schedule your private showing 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.
