Buyers looking for modern construction, 100% USDA eligibility, and immediate livability won’t find unlimited options. Built in 2023 and ready now, this home removes the uncertainty many buyers are tired of navigating. Welcome to 229 Hollythorpe Lane, located in the Landon Station community of Fountain Inn. This thoughtfully designed home offers over 2,700 square feet of flexible, functional living space—without the delays, decisions, or upgrades often associated with newer homes. The open-concept main level features luxury vinyl plank flooring, a spacious great room, and a well-appointed kitchen with quartz countertops, stainless steel appliances, a large center island, and an oversized walk-in pantry. A versatile front room and a private rear study provide adaptable space for a home office, guests, or everyday living, along with a convenient powder room. Upstairs, a generous loft adds additional living space, while three well-sized bedrooms include a comfortable owner’s suite with a tiled walk-in shower, separate garden tub, dual vanities, and two walk-in closets. Outdoor living is easy with a covered rear patio and fully sodded backyard. Additional features include smart home technology, energy-efficient construction, and a two-car garage with ample storage. Just minutes from downtown Fountain Inn and I-385, this home offers modern convenience in a growing area. With USDA eligibility for qualified buyers and move-in ready condition, this home presents a clear, straightforward opportunity for those ready to move forward. Lender credit towards the buyers closing costs with the use of preferred lender. Call for details.
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.
