(Professional photos and measuring/floor plan on Monday, April 27th.) Welcome to your private retreat at 15877 Mallory Lane, where space, functionality, and thoughtful updates come together on a beautiful 4-acre setting in Mount Pleasant. Surrounded by mature trees and lush landscaping, this property offers the privacy and freedom that’s increasingly hard to find—while still being convenient to nearby towns and amenities. Inside, the home has been completely refreshed with a freshly painted interior throughout, including walls, doors, and trim, creating a clean, bright, and move-in-ready feel. New luxury vinyl plank flooring installed in March 2026 enhances the kitchen, hallway, and guest bedrooms, complementing the existing wood flooring for a warm yet durable finish. The split-bedroom floor plan provides ideal separation, with spacious secondary bedrooms and a comfortable layout designed for both everyday living and entertaining. The heart of the home features a double-sided fireplace shared between the family room and kitchen, creating a cozy focal point and seamless connection between spaces. The kitchen flows easily into the main living areas and out to the screened porch, where you can relax while overlooking the private backyard. Step outside and you’ll find a property designed for enjoyment and versatility. The screened porch opens to a backyard retreat featuring a saltwater above-ground pool with a sun deck and a liner replaced approximately three years ago—perfect for summer gatherings. There’s even a dedicated cornhole court for outdoor fun. For those needing extra space, the detached storage building (wired for power, added in September 2020) provides excellent flexibility for hobbies, tools, or workspace. Practical features continue with a professionally installed septic hookup for RV use, adding convenience for travel or guests. The oversized garage offers high ceilings and an additional storage room, along with a mudroom entry for everyday functionality. Major systems have been thoughtfully maintained, including a roof approximately three years old and a water heater replaced in March 2026. The home is serviced by well water and electric utilities, with a leased propane tank supplying the fireplace. If you’ve been searching for acreage, privacy, and a home that blends comfort with outdoor living and practical upgrades, this property delivers a rare opportunity to enjoy it all. Note: This property is within the bounds of USDA financing as per www.USDA.gov maps. This doesn't guarantee USDA funds are available at the time of loan application. Property to be professionally measured on April 27th before active status on April 30th.
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.
