Don’t let the quaint curb appeal fool you—this classic brick home offers far more space than meets the eye! Situated on a .30-acre lot in the heart of Pickens, this 2,160sqft, 2-story home with a full walkout basement that gives an additional 1,060sqft blends charm and character with flexible living options and everyday functionality. From the moment you arrive, you’ll notice the inviting exterior, mature landscaping, and two separate covered porches—perfect for morning coffee or evenings spent unwinding. Inside, timeless hardwood floors, a gorgeous archway, and cozy wood-burning fireplace create a warm and welcoming living space filled with natural light. The main floor features three bedrooms, including one with beautiful pine walls and ceiling that add to the warmth and character, and a cute full bath that all create a layout that flows easily amongst the large dining area and kitchen. Upstairs, you’ll find a spacious bonus room, two additional bedrooms, and a full bath, offering 5 bedrooms total in the main living area of the home. The walkout basement truly expands the home’s possibilities, featuring a large open area perfect for a second living space, home gym, or theater space - The opportunities truly are endless! You’ll also find an additional room that is currently being used for storage but could also be ideal for a home office or hobby space. There’s more! An oversized one-car garage with workshop potential, a dedicated laundry area, and a full bath—conveniently placed to use when working outside or when you’re enjoying time by the pool. Step outside to enjoy the fenced backyard oasis complete with a pool deck large enough to entertain all your friends during the summer! Major updates include a new roof (Dec 2024), new HVAC (2024), and new gutters (2023). Another bonus is the he kitchen refrigerator will convey at closing. Located within walking distance to Downtown Pickens, you will love the convenience of being so close to local restaurants, cute shops, the beloved Azalea Festival, and the Pickens Amphitheater’s summer music series. Imagine walking to community events while still enjoying the comfort of a well-established neighborhood! Charming houses with this much space and opportunity are rare to find at an affordable price, so much so that a recent appraisal was performed to give confidence with today’s fair market value. Don’t take a chance on losing this gem. Schedule your private showing today!
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.
