Don’t let the exterior fool you—this deceptively large home offers an incredible amount of space, flexibility, and opportunity for multi-generational living, large families, or anyone needing room to spread out both inside and out. Situated on approximately 1.5 acres with no HOA, this property combines privacy, functionality, and an unbeatable location close to everything the Upstate has to offer. Surrounded by mature trees and peaceful outdoor spaces, the property features both fenced and open areas perfect for pets, play, gardening, future pool plans, soccer games, entertaining, and more. The land extends beyond the tree line to a creek, creating a truly special backyard setting rarely found this close to town. Inside, the main level welcomes you with an open-concept layout, hardwood flooring, and spacious gathering areas ideal for everyday living and entertaining alike. The oversized dining area easily accommodates seating for 10+ guests and flows seamlessly into the kitchen featuring a full appliance package, abundant prep space, and a brand-new range. The spacious living room centers around a cozy fireplace and offers plenty of room for family and friends to gather. Down the hall, the first of TWO primary suites serves as a private retreat with a custom walk-in closet and attached bath. An additional main-floor bedroom has easy access to the oversized hall bath complete with dual sinks, extended counter space, and a tub/shower combination. The fully finished basement offers an entire second living space with its own separate entrance—ideal for multi-generational living, guest accommodations, rental potential, teen suite, home business setup, or long-term visitors. This level features the second oversized primary suite with a huge walk-in closet and attached bath, plus a large den, dining area, and full second kitchen with all appliances conveying. Two additional bedrooms share another full bath, and the laundry area includes washer and dryer as well. There is an additional flex space that could serve as a workshop if desired! Step outside from the basement level onto the patio and expansive backyard space where the possibilities truly become endless. The outdoor features continue with two outbuildings, including a two-story building with electricity that could easily serve as a teen hangout, art studio, workshop, home office, gym, hobby space, or private getaway. All of this in an ideal location less than 10 minutes to Furman University, Travelers Rest, Cherrydale, and Paris Mountain, and only 15 minutes to vibrant downtown Greenville. Enjoy quick access to shopping, restaurants, parks, entertainment, and everything that makes this area one of the Upstate’s most desirable places to live.
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.
