Too busy to maintain a big yard every weekend? No problem! This home has the perfect courtyard oasis, big enough to enjoy the evening outdoors, pick freshly grown garden herbs, admire the raised garden beds and potted flowers but without spending long hours all weekend maintaining it! Plus, Seller will pay the FIRST 6 MONTHS OF Buyer HOA FEES at time of closing!! This 2-story southern Charmer Meets Modern Elegance — A Sanctuary Between Gainesville & Newberry. Welcome to a home that feels like it was plucked straight from the storybook streets of Charleston — where timeless Southern charm meets refined modern farmhouse design. Built in 2003 and impeccably upgraded, this 3-bedroom, 3-bath residence offers 1,764 heated square feet of beautifully curated living space on a low-maintenance .07-acre lot — perfect for today’s busy professional who wants style without the upkeep. From the moment you arrive, the welcoming front porch and balcony set the tone. Step inside to soaring ceilings, fresh Sherwin-Williams designer paint, and new Luxury Vinyl Plank flooring flowing seamlessly throughout. Every lighting fixture — inside and out — has been thoughtfully upgraded, creating warmth and ambiance at every turn. The heart of the home is the stunningly updated 2022 kitchen — a true showpiece featuring custom butcher block countertops, a sleek undermount sink and premium faucet by Kraus, upgraded stainless steel appliances, and a stylish new backsplash. A gorgeous custom-built barn door adds architectural character while offering flexible separation between living and kitchen spaces. Cozy evenings await around the updated wood-burning fireplace, while the indoor laundry room adds everyday convenience. All three bathrooms have been beautifully refreshed with upgraded toilets, new flooring, new fixtures and fresh paint — blending comfort with contemporary style. Major system upgrades provide peace of mind: • New roof (2022) • Upgraded HVAC system (2021) • Brand new upgraded water heater (2024) Step outside into your private courtyard retreat — a fully enclosed screened patio, additional deck space, and lush green area perfect for a box garden enthusiast. Sip your morning coffee overlooking peaceful park views and blooming flower gardens from your charming balcony. Situated on a quiet street with no through traffic, this home offers the serenity of a true sanctuary. Perfectly positioned between Gainesville and rapidly growing Newberry, you’re just minutes from shopping, dining, parks, and everyday conveniences — yet tucked away in a peaceful, close-knit community. With its high ceilings, front porches, balcony views, modern farmhouse touches, rustic accents, and undeniable Southern soul, this home doesn’t just check boxes — it tells a story. And it’s ready for its next chapter.
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.
