Amazing location. This house is literally touching the edge of the Greenville Country Club Chanticleer golf course. One of the most exclusive golf communities in the entire upstate. It's 3.2 miles to Prisma Health Greenville Memorial Hospital. 5.2 Miles to West End Greenville (downtown Greenville). 4.2 Miles to Greenville Technical college. Two minutes to interstate 85. The house is also packed with extra features to make living life more enjoyable. A custom in ground saltwater pool for minimum maintenance. A huge thirty-foot deck right beside that. A fully fenced in back yard. An enormous solar panel setup on the roof. Enough to power the entire house with free green electricity. Brand new Samsung appliances, and a gas fireplace in the living room. The entire house has been remodeled. Updated kitchen, bathrooms, new floors and paint throughout. Light fixtures, electric switches and receptacles, everything in this house has been updated. Even the land scaping. This house is huge. It has 5 bedrooms and 3 full bathrooms. One master suite and one other full bathroom in the fifth bedroom. Plus, a large common bath. Formal dining at the end of the kitchen which includes a large granite top bar. A huge living room with a gas fireplace, and an enormous sunroom attached to the oversized deck that leads out, through French doors, to the custom swimming pool which has a brand-new liner in it and waterfall feature in the back. Sit out on the deck at night in the summer and enjoy the sound of the waterfall. This property really has it all and is definitely a rare find.
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.
