This is an incredible opportunity to acquire a remarkable property situated in the beautiful Farm at Sandy Springs in Piedmont. Welcome to 164 Pendock Lane, a charming single-story ranch that includes a bonus feature. The layout of this home is exceptional, comprising 3 bedrooms and 2 full bathrooms. The modern open floor plan creates a wonderful living space. You will undoubtedly fall in love the moment you enter the driveway. This home, owned by a single family, has been well-loved. You are welcomed by a pleasant flat lot that exceeds 1/2 acre. The yard is meticulously maintained and equipped with inground irrigation in both the front and back areas. The front porch is covered, providing a lovely space that wraps around the house. The highlighted banisters enhance the charm and intimacy, making it a perfect spot for enjoying morning coffee. Additionally, there is a side door entrance, which is quite convenient for unloading items from the car. Now, let us step inside and explore. The front door is stunning, featuring lead glass accents along with an embellished glass storm door. Once inside, you will surely appreciate the floor plan, which includes a welcoming foyer with hardwood flooring and a coat closet. The great room boasts high ceilings adorned with numerous windows, complemented by a cozy gas log fireplace and mantle. The kitchen is equipped with granite countertops, a tile backsplash, and ample space, including an island. All appliances will remain with the sale. I particularly admire the wooden cabinets, as they impart a warm and elegant ambiance. There is also a delightful dining area that offers views of both the front and back yards, destined to become one of your favorite places. Further down the hall, you will discover two generously sized bedrooms and a full bathroom featuring a shower-tub combination. A laundry room equipped with a washer and dryer, which will also convey, is accompanied by a linen closet. The primary suite is exceptionally spacious, with a large arched window that significantly enhances the room by allowing in natural light. The primary bathroom includes dual separate vanities, a garden tub, and a standalone shower. You will appreciate the generously sized walk-in closet, which boasts a very practical layout. Now, let us take a look at the backyard. There is a utility closet and a concrete patio that overlooks more than 1/2 acre of fenced, nearly level backyard. There is a utility shed equipped with power, ideal for storing all your lawn equipment. The lot itself was a significant factor in my decision. Where else can you find over half an acre that adjoins 42 acres of communal land? Indeed, you heard correctly: 42 acres are owned by the neighborhood, ensuring that you will never have to worry about any development behind your property. This is the charm of the Farm at Sandy Springs neighborhood. In total, there are 87 acres of common space, with nearly all homes positioned so that they do not back onto one another and are situated on at least 1/2-acre lots. It is truly a hidden treasure. Additionally, the neighborhood features a beautiful pool, which has just been resurfaced, along with an abundance of chairs—there is no need to compete for a spot—and new chairs have already been purchased and will be available in May when the pool opens. The cabana is also impressive, complete with swings and picnic tables, and can be reserved for events. The children's playground was recently replaced, and new plastic bumper edging was added this year. The location is exceptional: just 25 minutes to downtown Greenville and 2 miles to grocery stores, gas stations, pharmacies, and Highway 185 (toll), which can take you to the main Greenville Upstate hospital and medical facilities in 20 minutes. House has just been cleaned professionally and ready for you to come put your spin on this charming home. I am on standby for private showings call anytime!
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.
