COUNTRY LIVING AT IT'S FINEST! Looking for a 3-bed home in Greenville with land, a pond, and character? This 3-bedroom, 2-bath home offers 1,659 sqft on nearly 1 acre, perfect for anyone seeking space, privacy, and potential. Located in Greenville ISD near Greenville Middle and High School, the property blends vintage charm with essential updates like a 2025 roof. Inside, you’ll find timeless beadboard paneling and detailed American tin ceilings that reflect the home’s original 1968 style. Ceramic wood-look tile flows through the living room, dining room, kitchen, and breakfast nook for a warm, durable finish. A cozy chimney adds charm and function for cooler seasons. Two covered patios (front and back) and a side patio make indoor-outdoor living easy. An elongated front porch adds even more southern comfort. By the back patio, a mature pear tree offers shade, fruit, and a quiet touch of nature. The fenced-in yard is secured with an automated gate and includes a 2-car garage for convenience. You’ll love the flexibility of not one but two sheds — one that works great as a she shed, man cave, or small studio space, and the other for storage or tools. A small pond also connects to the property, bringing a peaceful rural touch that’s rare at this price point. No HOA gives you more freedom to use your land as you see fit. This home is ready as-is or can be updated to your personal taste. Whether you’re a first-time buyer, investor, or retiree looking for a project or peaceful place to land, this property offers unmatched potential and value. Enjoy quiet country living just a short drive from Greenville shops, dining, and Hwy 34 access. Come see how this gem can be transformed into your dream rural retreat.
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.
