MOVE-IN READY IN AWARD WINNING LAKE CAROLINA! 4 bedrooms, 2.5 baths in the highly desirable Pinnacle Ridge Subdivision, located in the HEART of LAKE CAROLINA & includes ALL OF THE FRONT YARD MAINTENANCE, including mulch & bush trimming for all of the homes in the neighborhood plus FREE WATER for your irrigation system & is within walking distance to LAKE CAROLINA'S TOWN CENTER, FARMERS MARKET & SCHOOLS!! This GORGEOUS home w/a great OPEN FLOOR PLAN has NEW LVP FLOORING THROUGHOUT ALL OF THE DOWNSTAIRS LIVING AREAS & has been FRESHLY PAINTED! There are also NEW LIGHT FIXTURES THROUGHOUT which includes CEILING FANS in all of the bedrooms as well as the FORMAL DINING ROOM/OFFICE/FORMAL LIVING ROOM, THE MASSIVE LOFT AREA plus the FAMILY ROOM which also features a a GAS FIREPLACE. The kitchen is nice & spacious & features GRANITE COUNTERTOPS, an ELECTRIC STOVE TOP w/GAS LINE ALREADY IN PLACE in case you want to convert, a WALK-IN PANTRY, TILE BACKSPLASH. ISLAND w/BAR SEATING and in EAT-IN AREA which overlooks the PRIVATE BACKYARD. The OWNER'S SUITE is conveniently located on THE MAIN LEVEL & features LVP FLOORING, a TREY CEILING w/ceiling fan, LARGE WALK-IN CLOSET plus a PRIVATE BATH w/DOUBLE VANITIES, GRANITE COUNTERTOPS, a SOAKING TUB, SEPARATE SHOWER & WATER CLOSET. Upstairs you will find A MASSIVE WONDERFUL LOFT AREA which is perfect for so many things . . . PLAYROOM, MOVIE ROOM, OFFICE, WORKOUT, ROOM, 2nd FAMILY ROOM, GAME ROOM w/ a BILLIARDS TABLE OR PING PONG table etc.! BDRMS #2 & #3 are quite LARGE w/ BEAUTIFUL TALL TREY CEILINGS & plenty of closet space. BDRM #4 is a nice size for a NURSERY, OFFICE or GUEST BEDROOM! Outside you will love the FULLY FENCED PRIVATE BACKYARD (CORNER LOT W/no backyard neighbor) . . . & if you are looking for even more room to run & play there is a HUGE PARK just around the corner large enough for a game of soccer! Come see everything this GORGEOUS HOME provides along with all ALL OF THE NEIGHBORHOOD AMENITIES, 37 miles of NEWLY PAVED WALKING TRAILS, PLAYGROUNDS, GREEN SPACES, SHOPPING, DINING & an easy commute to Fort Jackson, Scout & downtown Columbia! There is even a 12-MONTH HOME WARRANTY for the new buyer's PEACE OF MIND!
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.
