Surrounded by rolling fields and peaceful nature views, this 4-bedroom, 4-bath ranch in the Mount Pleasant School District offers a rare combination of space, privacy, and country charm. Set on a full acre, the property provides room to spread out and enjoy the quiet beauty of rural living — complete with an in-ground saltwater pool and multiple covered porches overlooking open pasture, trees, and visiting wildlife. All four bedrooms and bathrooms are conveniently located on the main level, offering a true single-level living experience that’s both practical and comfortable. The home includes a spacious family room and pool addition, along with window replacements and a number of modern updates in recent years — including new flooring, a 50-gallon A.O. Smith water heater, a full A.O. Smith water filtration and softening system for the private well, CPI app-enabled security system, and updates to the pool’s filter, salt ionizer, and controller. The oversized three-car garage is a major highlight — featuring two 9-foot power doors designed to accommodate 2 full-size trucks, plus an additional manual door. Inside, there’s a dedicated workshop area complete with a wood-burning stove, providing the perfect setup for projects, hobbies, or additional storage. Outdoors, the brick-accented saltwater pool is perfect for summer gatherings or quiet evenings under the stars. Wide porches frame the back of the home, offering panoramic views of fields, trees, and neighboring farmland — the perfect place to start or end your day. With its scenic surroundings, private one-acre lot, and blend of comfort, updates, and rural beauty, this property captures the relaxed pace of country living — all within reach of Mount Pleasant’s top-rated schools and everyday conveniences.
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.
