Hidden away on over 1.2 acres, this beautifully updated 3-4-bedroom home offers the perfect mix of privacy and convenience, just minutes from town. The thoughtful split-bedroom layout gives the primary suite its own wing, complete with a spacious walk-in closet and a stunning en suite with double sinks and a large, updated shower. Next door, you'll find the handy laundry room, making chores a breeze. The open concept living area features a kitchen with updated appliances, and a sizeable pantry for stocking up! Step outside to your own little oasis, complete with a new deck, firepit, raised garden beds, hot tub, and a horseshoe pit for endless outdoor fun. The oversized 2-car garage features epoxy floors, a workbench, new belt-driven garage door opener (so quiet), and even a water spigot for washing your cars. Need more space? The large pole barn with two garage doors and a service door has you covered, along with a widened Duraberm driveway for extra parking. With deer frequently visiting, the property feels like a private retreat, yet you're just under 10 minutes from I-74 and close to Rocky Ridge Golf Course and local routes like SR 47 and SR 32. The seller is also open to negotiating some fun extras, including a 2019 54" zero-turn mower, a golf cart with a new lithium battery, a 75" wall-mounted TV, and more. Darlington isn't like your typical small town... For a small annual fee, you can enjoy a day of fishing at the Darlington Conservation Club. Just remember to grab bait at the nearby gas station on your way! During the Summer, the local legion comes alive with outdoor bashes and live music, bringing this close-knit community together. Darlington also offers the convenience of its own hardware store and a welcoming library, making it a charming place to visit or call home. And can you believe it's golf cart-friendly? This is the perfect home for those who want space, privacy, and a place to unwind with nearby amenities and small-town living!
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.
