Location, Location, Location! Your dream home awaits, a delightful blend of charm and modern convenience nestled in a serene, small neighborhood, located within walking/cycling distance to downtown Travelers Rest. This 2,200 sq.ft. traditional two-story home invites you into a world of comfort and style. Imagine a life where the hustle of daily living seamlessly integrates with the pleasures of community-sidewalks, leading you to a vibrant array of restaurants, cozy coffee shops, breweries, a variety of shops, the Saturday farmers market, live entertainment at Trailblazer Park, and the popular Swamp Rabbit Trail, all just a short stroll or bike ride away. As you step inside this home, you are greeted by an inviting atmosphere that offers two distinct living spaces on the main floor, perfect for relaxing or entertaining. The kitchen is conveniently located between the dining room and den. The den offers access to the backyard and patio, perfect for outdoor grilling and entertaining friends and family. A convenient powder room is located nearby, ensuring guests feel at home. Also, down the same hallway, you will find a large closet, which could serve different purposes based on your needs. Plus, the attached 2 car garage with its new beautiful epoxy floor brings an extra layer of convenience to your daily life. Venturing upstairs, you'll discover the crown jewel of this home: a large master bedroom that exudes tranquility, complete with a luxurious ensuite bathroom featuring a garden tub and shower, and a water closet for privacy. Pamper yourself in comfort with the generous walk-in closet, easily accommodating your wardrobe, while two additional linen closets provide ample space for all your essentials. The second floor also hosts three additional spacious bedrooms, each boasting considerable closet space, perfect for children, guests, or even a dedicated home office. One of the additional bedrooms also includes flex space (12 x 9), which can be used for storage, crafts, toy storage or whatever you choose. In close proximity to the additional three bedrooms, a separate laundry room and a full bathroom add functionality to this thoughtfully designed home, making daily chores a breeze This property stands out not only for its location, but also being one of very few large floor plans in this neighborhood accommodating the needs of singles, couples, or families alike. The plumbing and lighting fixtures have been updated, new luxury vinyl plank has been added throughout both floors, plus the entire house has been freshly painted in a beautiful neutral color awaiting your personal touches. This home is turn-key and ready for you to start your adventures in beautiful downtown Travelers Rest. Whether you're looking for a peaceful retreat or a lively space to host family and friends, this home is the perfect canvas for your life's next chapter. Embrace the lifestyle you've always wanted-schedule a viewing today and make this dream home your reality!
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.
