Beautifully Updated 3-Bedroom Ranch with Pool, Fenced Yard & Versatile Heated Shop. Enjoy peaceful country living tucked away in a quiet neighborhood with no HOA, while still being just minutes from Clover and Lake Wylie. This inviting 3 bed, 2 bath ranch that blends comfort, functionality, and standout extras buyers love. Freshly painted throughout, the home offers a bright, move-in-ready feel from the moment you step inside. The living room features a charming wood-burning fireplace, creating a cozy focal point for gatherings. The kitchen has been refreshed with new paint, updated appliances, and a stylish backsplash. The primary suite includes a well-appointed bath featuring a steam shower, adding a touch of spa-like luxury to your daily routine. A spacious laundry/mud room provides excellent storage and everyday convenience, perfect for busy households, hobbies, or pets. Step outside to a fenced backyard, ideal for outdoor living and privacy. Enjoy summer days in the above-ground pool or relax on the lawn with plenty of room for play and entertaining. One of the most impressive features is the large, detached shop/garage, currently used as additional living space. Equipped with power and heat, it’s a versatile area that can function as a pool house, workshop, studio, home gym, game room, or hobby space — offering endless possibilities. Highlights include - **Assumable VA loan** for qualified buyers - **New kitchen appliances** - **Fresh interior paint** throughout - **Flexible indoor and outdoor living spaces** This home delivers comfort, value, and versatility in a highly functional layout — a rare opportunity in today’s market.
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.
