195 Light Spring Road is another certified preowned home located in the highly sought-after Pearson Farms community. This beautifully crafted 4-bedroom, 2-bath Craftsman-style ranch built in 2022 offers the perfect blend of modern design, comfortable living, and exceptional outdoor space.Inside, the home welcomes you with bright, open living areas designed for connection and comfort. The main living room centers around a gas-log fireplace, creating a warm and inviting focal point for everyday living and entertaining. The kitchen features granite countertops, stainless steel appliances, rich cabinetry, an upgraded backsplash, and a spacious walk-in pantry. The open layout allows the kitchen, dining area, and living room to flow together naturally, a perfect for gatherings with family and friends. Durable Luxury plank flooring anchors the main living spaces, while the bedrooms offer soft carpeting for added comfort. The primary suite serves as a peaceful retreat, highlighted by vaulted ceilings, abundant natural light, a spacious walk-in closet, and a luxurious bathroom with a soaking tub, walk-in shower, and double vanity. The primary suite master closet has been totally upgraded to store all of the latest trends in fashion and style. Step outside to experience a backyard designed for lifestyle and entertaining. The property features a fully fenced yard with multiple outdoor living spaces. The covered patio with gazebo for shaded relaxation, an extended patio with BBQ area is perfect for entertaining. The detached backyard office built on a concrete pad, ideal for remote work, a studio, or private creative space. Residents of Pearson Farms enjoy community amenities including a swimming pool and dressing cabana, all within walking distance. 195 Light Spring is located just minutes from I-123 with convenient access to downtown Greenville, Clemson University, premier shopping, dining, healthcare, and employment centers across the Upstate. A rare opportunity to enjoy modern construction, thoughtful design, and an outdoor retreat all in one exceptional home. Schedule your private showing today!
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.
