It’s rare to find a property that truly offers multiple uses, and 1280 St. Marks Rd in Leesville, SC is one of those special opportunities. From the moment you arrive, the setting feels like your own private ranch, peacefully nestled on 2 acres and surrounded by open pasture and mature trees, with nothing in sight but wide-open space. It’s the kind of place that instantly slows your pace and makes you want to stay awhile. Inside, the home continues that sense of freedom with an expansive, wide-open floor plan designed to spark creativity and flexibility. With nearly 4,000 square feet in the main home, this space invites you to imagine what “home” means to you whether that’s a relaxed family retreat, a weekend farm escape, or a place to gather and entertain on a larger scale. Natural flow between the kitchen, dining, and family areas makes everyday living and hosting effortless. The main level features two generously sized bedrooms, each offering private bathrooms and walk-in closets, providing comfort and privacy for family or guests. Rustic staircases lead to a 350-square-foot loft, ideal for a home office, playroom, studio, or additional flex space. Step outside and the lifestyle truly comes alive. Covered porches, a pool, outdoor entertaining areas, and a climate-controlled 575-square-foot pool house create the perfect backdrop for everything from quiet evenings to memorable gatherings. With the land fully in pasture, animals, horses, or livestock are welcome making this an excellent option for those seeking a small farm or equestrian-friendly property. Adding to the property’s appeal, solar panels provide a supplemental power source, blending rural living with thoughtful efficiency. Whether you envision this as your primary residence, a weekend retreat, a hobby farm, or even a small event or venue space, 1280 St. Marks Rd offers the rare combination of privacy, versatility, and wide-open potential. Properties like this don’t come along often, this is your chance to make it something truly special. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
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.
