Private, usable acreage just minutes from I-85 and Lake Hartwell. This 24-acre property offers approximately 7 acres of fenced pasture, a creek, and level to gently rolling ground that lays well for horses or small-scale farm use. With no restrictions in place, you have the flexibility to expand, fence additional areas, or simply enjoy the land as it is. The barn and shop setup is built to work. A 30x30 fully concreted shop anchors the structure and is surrounded by 16-foot covered lean-tos, creating extensive protected space for equipment, trailers, and hay storage. The shop features both 110 and 220 power, approximately 10.5-foot clearance to the bottom of the trusses, and a 9-foot tall by 10-foot wide door opening for easy access. On the back side, you’ll find four stalls with fans and power, along with a dedicated tack room for organized daily use. A fully concreted wash rack with hot and cold water and hitching post is already in place. The right side functions as an equipment shed with ample room for tractors and implements. Water is run to the barn and shop. The ranch-style home, built in 1996, offers approximately 2,236 square feet with a practical single-level layout featuring four bedrooms and two full baths. The spacious living area includes a gas fireplace and flows into the kitchen and dining areas. The kitchen features granite countertops and island workspace. All hard-surface flooring, including bamboo and LVP, provides durability and easy maintenance. The roof was replaced in 2018. Public water and septic are in place, and a two-car carport provides covered parking. Located less than 10 minutes to Port Bass Boat Ramp on Lake Hartwell and approximately 10 minutes to I-85, this property offers country privacy with convenient access to town and interstate travel. If you’ve been searching for fenced pasture, established improvements, and room to live and work without starting from scratch, this property deserves a closer look.
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.
