Welcome home to 25 Donemere Way! Located in the highly-sought after Tucker Branch community which is within walking distance of the quaint Downtown Fountain Inn! Laurens County taxes, but zoned Greenville County Schools. This is zoned for Fountain Inn Elementary which will soon be turning into a K-8th and also zoned for Fountain Inn High School- GO FURY! This is a lovingly maintained home featuring 3 bedroom, 2.5 bath + loft! The walk-in laundry room as well as the primary suite are located on the MAIN level featuring trey ceilings, garden tub, dual sinks, and separate tiled shower! This home has beautiful 5” engineered hardwood flooring, granite counters, and plentiful storage. The hardi board exterior of the home has been freshly painted! You will love having a big, useable fenced backyard along with a deck, patio, and a shed! Cozy up with a gas fireplace on cold nights! Upstairs you will find a loft, two additional bedrooms, and a full bath. Homes do not come up for sale often in Tucker Branch. Drive through the neighborhood and you will quickly see the difference and quality compared to so many homes being built today. The location could not be better for easy access to 385 for a quick commute to Downtown Greenville, Columbia, Charlotte, Charleston, or Atlanta! For all your every day needs and shopping you are only a few minutes from Fairview Road, Woodruff Road, and Haywood Road. Get your showings scheduled- this one won’t last long!
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.
