Welcome to this immaculately-maintained, 3-bedroom, 2-bath home offering over 1,500 square feet of thoughtfully designed living space in the heart of Newberry. Built at the end of 2023 (by Adams Homes), in a small new community in the back of an established neighborhood, this newer construction home features attractive landscaping and strong curb appeal. Inside, you’ll find an open-concept floor plan with a split-bedroom layout, providing both functionality and privacy. The spacious kitchen is a standout, featuring a large center island, granite countertops, stainless steel appliances, and ample cabinetry, ideal for everyday living and entertaining. The adjoining living and dining areas flow seamlessly, creating a comfortable and inviting atmosphere. All bedrooms are generously sized, with the primary suite offering a private en-suite bath and ample closet space. Thoughtful upgrades throughout enhance both comfort and style. Step outside to enjoy the extended, partially covered back porch and a fully fenced backyard that has been transformed into a true outdoor retreat. Complete with a pergola and lush landscaping, the backyard offers a versatile space for relaxation, gatherings, or outdoor enjoyment year-round. The property is conveniently located within 2 miles of Newberry Elementary School, Oak View Middle School, and Newberry High School, as well as local shopping, dining, and everyday amenities. Additional Opportunity: Several furnishings may be negotiable as part of the sale, and the home may be fully furnished with an acceptable additional price, providing flexibility for buyers seeking a turnkey option. This move-in-ready home combines modern features, outdoor living, and a desirable Newberry location - across from acres of quiet pasture. Schedule your private 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.
