Welcome to 226 Ashburton Lane in the highly desirable Lake Frances community of West Columbia! Ideally situated next to Solina Golf Club and offering neighborhood amenities including a pool, clubhouse, and lake access, this beautifully renovated home combines luxury, space, and convenience. Located just 8 miles from downtown Lexington. 10 miles from downtown Columbia, and 13 miles from Lake Murray, you’ll enjoy easy access to everything the Midlands provides. Step inside to a grand foyer with soaring ceilings and abundant natural light flowing through oversized windows. The main level features a formal living room that seamlessly connects to a spacious dining area and a fully upgraded kitchen perfect for entertaining. The kitchen is a true showstopper with quartz countertops, a large island, upgraded appliances, and a double oven. Nearly every inch of this home has been thoughtfully renovated, including brand new hardwood floors, fresh paint throughout, tiled bathrooms, and new carpet in the bedrooms. The living room showcases custom handcrafted cabinetry surrounding the fireplace, and a convenient main-level bedroom adding flexibility for guests or a home office. The split staircase adds both charm and functionality. One side offers a bonus room loft the other you’ll find four additional bedrooms, including a spacious owner’s suite with custom-built his and hers closets. Two bedrooms share a Jack-and-Jill bathroom, providing both functionality and privacy. The third level offers incredible versatility with a sixth bedroom, full bathroom, and two additional living areas—perfect for a private guest suite, in-law space, or a separate retreat that feels like its own apartment. The garage has been transformed into a dream workshop featuring custom cabinetry and a mini-split system for year-round comfort. With a new roof, new HVAC system, and truly turnkey condition, this home feels practically brand new. Located in the highly sought-after Lexington One School District and offering nearly 5,000 Sq ft. of living space for under $500,000, this is an exceptional opportunity you don’t want to miss. Schedule your private showing today! Disclaimer: CMLS has not revi
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.
