Don't miss 145 Stonemont Drive, this hidden gem nestled in an established neighborhood on a 0.4 acre, private lot, boasting a In-Law suite. This detached, finished, separate entrance walk out basement has a full bath, living room, bedroom and kitchenette. This space has endless possibilities! Perfect private space up for guests, multi-generational living in-law suite, office, home gym, you name it! This move-in ready home offers an open floor plan, 4 bedrooms and over 2800 sq. ft. in the main house and 530 sq. ft. in the finished basement. Seller updates and upgrades over time include hardwood floors on the main level, full finish of the basement space, gas water heater (2021), kitchen countertops, new carpet throughout upstairs, May 2026, all kitchen appliances updated, 2022, install of electric car outlet and more! Step inside to discover on the main level a spacious eat-in Kitchen with plenty of cabinetry, granite countertops, stainless appliances, island, bay window, and pantry offering easy flow into the formal Dining Room and Great Room. The Great Room features an electric fireplace converted from a wood fireplace by seller but can easily be converted back. A full-size mudroom rounds out the main floor. Upstairs you will find 4 bedrooms alongside a massive FROG/flex space. The primary suite is a true retreat with tray ceiling, walk-in closet, and a private ensuite with dual vanity, separate shower, and a relaxing garden tub. You can enjoy the outside from your expansive southern covered front porch, or relax on the raised rear deck or patio. Don’t miss the wonderful outdoor storage space, full irrigation system, 2 car garage with keypad entry. All this space just minutes from Lake Murray, Harbison shopping, plenty of dining options, and local parks. This Irmo gem is ready for you to call home! 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.
