Discover unparalleled serenity and spacious living at this exquisite, well built and maintained, 4-bedroom, 3-bathroom residence in Townville, S.C. and conveniently located approximately 2 miles from I85. Nestled on a generous 6.29-acre lot, this classic 1968 brick, ranch-style home offers an idyllic retreat with ample room for both relaxation and recreation. Whether your dream is a mini farm, a mother in law suite and or a basement for rental income or maybe you are looking for golden fields of acreage with quick access to Greenville County, Atlanta Georgia, the scenic mountains, Lake Hartwell or basically anywhere in Anderson County, this property is the one for you! A long paved driveway leads to this charming two story abode, framed by mature trees and an expansive green lawn, creating an inviting first impression. Step inside the welcoming front door to find warm hardwood flooring and elegant crown molding that extends throughout much of the living space. To the right, the comfortable sunken den area features soft carpeting and a sleek wall-mounted fireplace with large windows for natural light. To the left, welcome guests with more formality in the elegantly, classic living room. The well-appointed kitchen is a culinary dream, boasting white cabinetry, dark granite countertops, a striking tile backsplash and is also equipped with modern stainless steel appliances. The large tile flooring graces the kitchen and adjacent dining area, which is enhanced by tasteful wainscoting and a stylish chandelier. This home also includes a functional laundry room with a pull down ironing board, built-in laundry and pantry shelving, countertops and appliance space. The spacious bedrooms feature multiple closets and offer peaceful sanctuaries with plush carpeting, ceiling fans, and generous natural light. The newly updated hall bath is equally impressive showcasing dual vanities, sleek storage, and pristine walk-in showers with elegant tile work. For more intimate gatherings, retreat downstairs to a family room or mother in law suite with its own fireplace, built in book shelving and durable vinyl plank flooring. This room offers a versatile space with abundant natural light streaming through double patio doors. There is also an impressive full kitchen with dining space, a walk in pantry and laundry room closet. The very nice third full bath is also located downstairs along with a full bedroom with a cedar closet, storage under the stairwell and abundant windows throughout. The expansive backyard and well-maintained grounds, provide endless possibilities for outdoor living and entertaining. Experience the perfect blend of comfort, style, and natural beauty in this remarkable Townville property.
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.
