Welcome to this spacious and inviting home nestled in the sought-after Lake Wylie area of Clover in the highly regarded Clover School District. This 4-bedroom, 2.5-bath home provides the perfect blend of comfort and functionality. Home features a well-designed layout with generous living areas, ideal for both everyday living and entertaining. The main level offers ample space to include an office with french doors, a formal dining room, breakfast nook, living room with gas fireplace, and additional space that can serve as a playroom or media room, with sliding doors out to the spacious deck. The upper level provides private bedroom retreats, including a large primary suite with tray ceilings, primary bath to include a walk-in shower and soaking bathtub, and a customized walk-in closet. There is a community pool, playground, and boat storage is available. Enjoy being just minutes from Lake Wylie, where outdoor recreation awaits, including boating, fishing, and waterfront dining. You’re also a short drive to Allison Creek Park, a local favorite for camping, kayaking, boating, fishing, walking trails, playgrounds, picnic shelters, and peaceful waterfront views. The location also offers a convenient commute to Charlotte, providing the perfect balance of serene suburban living and city accessibility. Replaced Water Heater 2025, Dishwasher 2023, Garbage Disposal 2025, 2 split HVAC systems installed March 2022 & October 2019, new gutters installed March 2026, seller owned solar panels installed Aug 2021. Stove and Refrigerator replaced within the last 5 years. Freshly painted ceilings in the foyer, living room, kitchen, and hallways. Home includes a water filtration system, and the bedroom over the garage wired for a 5-speaker Dolby Surround system. The garage includes a workbench, storage, and an extra carved-out area for additional storage.
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.
