Discover peaceful country living in picturesque Gold Hill! Nestled on over an acre in the East Rowan district, this spacious 4 bedroom, 2 bath home offers over 2000 square feet of comfortable, well designed living space. There is also a bonus room perfect for an office, playroom, or hobby room. Inside you will love the fresh, move-in ready feel with neutral paint colors and LVP flooring that flows throughout, creating a clean, modern look that complements any style. The heart of the home is the amazing kitchen, ideal for anyone who loves to cook, complete with all appliances included and plenty of room to prep, gather, and entertain. Outdoor living shines here! Enjoy your oversized covered deck with ramp access offering the perfect space for hosting friends or relaxing at the end of the day while the additional front deck provides a welcoming entrance to enjoy your morning coffee and some good ole Carolina sunshine. A circular driveway gives ample parking for multiple vehicles and guests. There is a storage shed for added storage as another bonus. Those needing handicap friendly features will appreciate the thoughtful accommodations, including the ramp, wide doorways, and primary bath with grab bars already in place. Major updates give peace of mind-HVAC & well pump were replaced in 2023. And don't forget the low county taxes, making this property an even greater value. If you are looking for space, comfort, and a beautiful rural setting, this home will check all your boxes!
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.
