This lovingly maintained single-story ranch delivers over 2,600 sq ft of flexible and comfortable living with a layout that adapts beautifully to your lifestyle. Priced well below appraisal, the home offers five bedrooms and three full baths, including two private primary suites, each with its own en-suite, making it an exceptional fit for multigenerational living, long-term guests, or anyone who values space and privacy. Step inside to a warm, inviting living area anchored by a full brick wood-burning fireplace, completely rebuilt along with the chimney in 2025, where you will enjoy peace of mind and year-round enjoyment. The kitchen provides generous counter space, solid wood cabinetry, and an easy flow into the dining area, keeping daily routines simple and intuitive. A spacious laundry room off the garage doubles as a mud-room, creating a practical drop zone for shoes, bags, and everyday essentials. One of the standout qualities of this home is its effortless indoor–outdoor connection. Multiple access points and a naturally flowing layout make it easy to move from the heart of the home to the outdoor living spaces, perfect for entertaining or simply enjoying quiet moments outdoors. The front of the property welcomes you with charm and purpose. A mature shady oak tree enhances curb appeal and natural cooling, while thoughtfully planted herbs, flowers and strawberries create a beautiful, bountiful landscape. A separate front entrance and porch lead directly to one of the primary suites and the adjoining flex kitchenette, offering a private retreat for guests, extended family, or a dedicated workspace. The flex kitchenette room itself adds even more versatility and value, ideal for a home office, studio, homeschooling space, or a peaceful guest sanctuary. The fully fenced backyard is designed for relaxation, creativity, and homegrown abundance. A generous concrete pad with existing electrical is already in place for a future pergola, workshop, or she-shed, giving you room to expand your lifestyle vision. A thriving food forest continues, featuring numerous blueberries and blackberry bushes adding productivity to the space. The patio extends seamlessly from the indoor living areas, making it an ideal spot for grilling, fire pit gathering, or enjoying quiet mornings. Major updates add even more value: the HVAC system was replaced in 2025, the fireplace and chimney were fully rebuilt in 2025, and the home includes an existing transferable termite bond with Dobbins Pest, offering long-term protection and confidence. Tucked into the highly desirable Powdersville community and zoned for the award-winning Wren School District, this home offers the kind of quiet, spacious living that’s increasingly hard to find. Where mornings feel slower, the air feels fresher, and the landscape around you still has room to breathe. Yet despite its rural charm, you’re never far from what you need, with quick access to the Powdersville YMCA, Southern Oaks Golf Club, Highway 85, Downtown Greenville, and the upcoming Publix-anchored and Food Lion-anchored shopping centers. This location blends peaceful suburban living with unbeatable convenience.
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.
