This four-bedroom, two-bath, Craftsman-style ranch was built in 2022 and is move-in ready! Located in the sought-after Pearson Farms community of Easley. This home features an inviting open-concept layout where the kitchen, dining area, and living room blend together with a natural sense of space. A gas-log fireplace creates a warm focal point in the living area and adds a welcoming touch to the main gathering space. The kitchen features stunning granite countertops, stainless steel appliances, and plenty of room to cook and entertain while staying connected to guests in the adjoining dining area. Low-maintenance laminate flooring flows through the main living spaces, and cozy carpets keep the bedrooms warm and inviting. The Primary Suite is tucked away on the other side of the living area, ensuring privacy and quiet evenings. The Primary Bedroom is spacious, with large windows, walk-in closet, and views of the back yard. The Primary Bathroom features a luxurious soaker tub, a separate walk-in shower, and double sink vanity. The hall bathroom is also nicely outfitted and features a tall vanity that provides added comfort and functionality. The tankless water heater provides efficiency along with endless hot water, which means no one ever has to wait to take a shower or do a load of laundry. Just off the main living area, a covered back patio extends your living space outdoors and creates the perfect spot for morning coffee or quiet evenings. Pearson Farms also has great amenities, including a swimming pool and a dressing cabana for warm-weather enjoyment. Located only one mile off I-123 in Easley, this home places you close to shopping, dining, medical facilities, and everyday conveniences. Its central position between downtown Greenville and Clemson University provides quick access to major employment centers, entertainment, and recreation throughout the Upstate. Don't miss out on your chance to take a tour. Schedule your showing today!
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.
