BACK ON THE MARKET at no fault of seller! Requested repairs are being completed by LICENSED & insured contractor. Now better than before! You've found it! Welcome to 202 Cove Creek Road in the lovely town of Pickens, South Carolina. A peaceful creek-front living on one full acre. If you've been searching for that sweet spot between country living & town convenience, this property deserves your attention. Sitting on a full acre of cleared, usable land just outside Pickens, this brick ranch offers something increasingly rare: genuine elbow room without the long commute. The location tells much of this story. You're rural enough to enjoy mature shade trees, seasonal blooms, & the gentle sound of Cove Creek running along your back property line—188 feet of creek frontage, to be exact. Yet downtown Pickens is less than 10 minutes away, putting schools, shopping & amenities within easy reach. It's the kind of balance that's hard to find. Inside the home - This three-bedroom, two-bath ranch keeps things straightforward & functional. The kitchen centers around sealed concrete countertops that add character & durability—a nice departure from standard options. All appliances stay with the home. You'll find a mix of original hardwood floors & life proof LVP throughout, along with smooth ceilings & upgraded vinyl windows that help with energy efficiency. The primary suite includes a private bathroom with a walk-in shower & here's where the layout gets clever: the laundry room connects directly to this bathroom. It's an unexpected convenience that eliminates hauling baskets through the house. Come fall in love with the outdoor spaces that inspire a true lifestyle! The covered side porch might become your favorite room. It's generous enough for a full seating area—picture your morning coffee or evening read with a view of the property. Screen it in if you prefer, or leave it open to catch the breeze. The real draw, though, is the land itself. The property allows small farm animals, so if you've been wanting chickens, goats, or similar, you're in business. There's a covered storage area near the creek that can be left open or be enclosed for a barn area. The two-story outbuilding has serious potential (storage, workshop, or even a future secondary dwelling unit with the right upgrades), & a detached carport for covered parking. This property works well for buyers seeking space to breathe, room for hobbies or animals & a connection to the outdoors—all without sacrificing access to town. Whether you're downsizing from something larger but not from land, looking for your first home with acreage, or simply wanting a peaceful setting that still keeps you connected, this one checks those boxes. The creek, the mature trees, the farm pasture views beyond the property line—they create a sense of permanence and calm that's worth experiencing in person. Come take a look, you won't want to leave!
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.
