CONVENIENT GROWING LOCATION! SMALL QUIET COMMUNITY! FENCED YARD w/NO HOME in REAR! "BETTER-THAN-NEW" HOME! TOP-RANKING SCHOOLS! GREAT PRICE for ALL! LOCATED just 5 minutes from the I-85, this convenience is desirable in every way, while being away from the busy traffic corridors! An abundance of shopping, eateries, medical, etc. in the Pelham Road area are convenient without ever getting on the I-85. For your travel far and wide, GREENVILLE/SPARTANBURG INTERNATIONAL AIRPORT is nearby. POPULAR DOWNTOWN GREENVILLE for enjoyment of all the downtown festivals, entertainment, etc. is within 20 minutes. If you have employment in the Spartanburg area, it is also just 20 minutes away! You can't find a more desirable LOCATION! You will find this small COMMUNITY to be quiet and peaceful! This particular LOT is deep, with the BACKYARD overlooking an open field, which is a "rare-find" in a subdivision. This nearly new home exemplifies beauty inside/out. Notice the exterior details, which give it great curb appeal, i.e., the double-door garage, shutters, and multiple roof lines! The covered rocking-chair front porch is a relaxing place to enjoy the neighborhood, while the covered back porch gives opportunity to enjoy outdoor cooking and shelter from the sun and rain. The interior floor plan is just "the best", with an open family room to kitchen and dining area and with a bedroom and full bathroom (wonderful for guests or an in-law suite) on the main level. The separate formal dining room might also be used as an office, if so desired. Upstairs is the large lovely primary suite, two more bedrooms and and a 3rd bathroom. There is also a large rec room with doors and closet (could be 5th bedroom—listed here as both). Additional upgrades by the owner add to the value of this lovely place. Some of these upgraded features include Chef gas stove, level 2 granite, upgraded carpet, stone firepit, security system w/smoke/carbon monoxide, Q-system garage door controls, Chamberlin system w/video camera, smart door lock and ring-door cameras. Additional lovely features include 9-foot ceilings, abundant crown molding and luxury vinyl-plank flooring. This fine property is located in the much-sought-after award-winning Riverside School district. So much house for your $$$ and priced on the low-end for this area...the WAY TO BUY! HURRY for this LOVELY BETTER-THAN-NEW HOME in this FANTASTIC LOCATION!! (If SF is important to buyer, buyer must verify.)
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.
