Welcome to your private waterfront retreat on scenic Lake Wateree, nestled in the historic charm of Liberty Hill, South Carolina. This beautifully maintained 4-bedroom, 2-bath home offers the perfect blend of comfort, functionality, and breathtaking natural beauty. This home is well-appointed with features that matter most. Set on a gently sloping lot with an impressive 152 feet of protected shoreline, this property showcases sweeping big-water views and year-round deep water at the dock—ideal for boating, fishing, swimming and lake living at its finest. The private stationary dock is thoughtfully equipped with three remote-controlled lifts, including two for boats and one for a personal watercraft, with one lift covered for watercraft protection. Outdoor living shines here, with a full-width deck and covered porch perfect for relaxing or entertaining while enjoying the peaceful surroundings. Majestic mature oaks and river birch trees provide shade and a stunning natural backdrop, while the outdoor fire-pit, and sandy beach create a resort-like setting for swimming and lakeside enjoyment. Inside, the 2,346 heated square feet features an inviting open floor plan with durable LVP flooring throughout. The bright spacious kitchen is a standout, complete with high-end appliances, gas cooking, a large granite island, and plenty of room to gather. The owner’s suite offers a private retreat with walk-in side-by-side closets, an en suite bath, with beautifully tiled shower and luxurious whirlpool tub. This home is as practical as it is beautiful, with major upgrades completed in 2020 including HVAC, architectural shingle roof, gutters, and board-and-batten vinyl siding. A whole-home generator ensures uninterrupted comfort, automatically powering all systems during outages. Additional features include a lake-fed irrigation system, basement storage, detached garage/workshop, and ample RV and boat parking with a 50-amp hookup. The paved driveway and shoreline protection add convenience and peace of mind. Whether you're seeking a full-time residence or a weekend getaway, this exceptional Lake Wateree property offers the ultimate in waterfront living—where every day feels like a vacation. Message for details or a private showing before its gone! Agent is owner.
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.
