Single-level living gets a fresh start here, where a covered front porch sets the pace and a large back deckkeeps the evenings going. This three-bedroom, two-bath home in Lancaster's Hunters Ridge community hasbeen refreshed from top to bottom — fresh paint throughout, updated flooring in every room, and not asquare inch of carpet to maintain.The layout makes smart use of its 1,418 square feet, with living spaces that connect naturally and bedroomsthat deliver a feature rarely found at this size: a walk-in closet in every single one. In the kitchen, a dual-fuelrange pairs a six-burner gas cooktop with an electric convection oven — equipment usually reserved formuch larger homes.The big-ticket items are already handled. A brand-new roof went on in 2025, and the HVAC system wasreplaced in 2019, so the next owner inherits years of worry-free systems instead of a to-do list. Built in 2005,the home pairs newer construction with the updates that actually matter at move-in.Outside, the oversized driveway parks multiple vehicles with room to spare, and the storage shed handleslawn equipment, tools, and weekend-project overflow. Out back, the deck and concrete patio create twodistinct outdoor zones — one built for grilling and gathering, one for quiet mornings — all anchored by thatclassic rocking-chair front porch.Hunters Ridge sits just southeast of downtown Lancaster, off McIlwain Road, putting local shops,restaurants, and everyday errands minutes away. The Highway 9 Bypass is close by, and US-521 throughtown carries commuters north toward Indian Land, Ballantyne, and South Charlotte when work calls. Andrew Jackson State Park is a short drive for weekend trails and picnics, and the home is served by the LancasterCounty School District.For buyers ready to put down roots in Lancaster County — without taking on a project — this one balancesfresh updates, easy maintenance, and room to breathe 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.
