Why settle for a dated downtown fixer-upper or a cookie-cutter subdivision when you can have the best of both worlds? Welcome to 114A Shaw Street, a rare 2021-built gem nestled in the heart of one of the Upstate’s most vibrant downtowns. Skip the stress of aging maintenance and enjoy the peace of mind that comes with a newer home, featuring high-efficiency systems and energy-saving spray foam insulation. The moment you step inside, vaulted ceilings and an abundance of natural light create an airy, connected atmosphere. The chef’s kitchen serves as the true heart of the home, boasting a massive granite island perfect for morning coffee, sleek stainless appliances, a walk-in pantry, and designer touches throughout. The thoughtful layout offers a quiet wing for bedrooms, providing the perfect retreat for remote work or relaxation. But the real magic happens when you step onto the back deck, where a stunning bamboo forest creates a lush, natural privacy wall. Tucked within the greenery is a custom fire pit area that feels more like a mountain escape than a downtown backyard—the ideal spot for crisp Carolina autumn nights. Fountain Inn is not just growing, it’s thriving, and you will be just a short stroll away from the Main Street social scene. Enjoy weekends at the farmers market, gather with friends at The Mill, shop at the boutiques or unwind at the local taprooms and coffee shops. Outdoor enthusiasts will love being around the corner from Woodside Park and the Swamp Rabbit Trail expansion, where fields, playgrounds, and miles of cycling and walking trails are just steps away from your front door. Best of all, there is no HOA! Bring your chickens, your garden, and your dreams—this is your space to live exactly how you want. Opportunities this unique don't last long; schedule your private showing today or join us for our Open House Sunday, March 22nd from 2pm-4pm.
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.
