Luxury Living: Private Lantern Ridge Estate with Award-Winning Powdersville Schools. Tucked away within the prestigious Lantern Ridge enclave, this architectural gem offers a sophisticated blend of timeless craftsmanship and curated modern luxury. This move-in-ready residence is more than just a home; it is a statement of refined living in the heart of Easley. The experience begins with an impressive facade and a grand entry that sets an elegant tone. Inside, the expansive open-concept layout is meticulously designed for high-end entertaining and effortless daily life. Spanning 1.5 stories of light-filled space, the home boasts soaring ceilings and premium finishes that create an unparalleled sense of scale and grace. The Chef’s Kitchen is the heart of the home and features expansive counter space, custom cabinetry, and seamless flow into the main living and dining areas—perfect for hosting gatherings of any size. The main-level primary sanctuary is a masterclass in comfort, offering a spa-inspired en-suite bath designed for ultimate rejuvenation. This private retreat is complete with designer fixtures, a walk-in glass shower, and deep garden tub. The versatile floor plan reveals a massive upper-level loft, offering infinite possibilities. This flexible area is perfect for a media room, home theater, playroom, or a personal gym. Step outside into a secluded half-acre paradise. The lush, level backyard sets a picturesque scene, whether you're hosting an alfresco dinner on the covered deck or enjoying a quiet morning coffee in the screened-in patio. It's an exceptional outdoor retreat that perfectly balances privacy and elegance. The attached three car garage will accommodate your vehicles with ease. Beyond its generous parking capacity, a dedicated storage enclave ensures your home remains a pristine and uncluttered sanctuary. Zoned for the prestigious, award-winning Powdersville schools and perfectly positioned for swift access to Highway 153, I-85, and just a short drive into the vibrant culinary scene of downtown Greenville. This is the ultimate sanctuary for those seeking space, style, and a premier location!
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.
