There is a certain kind of home that feels like it has lived a gentle life. A home that has been tended to with care, where the grass grows thick and emerald green, and the brick glows warm in the afternoon sun. That is exactly the feeling you get the moment you arrive at 3 Audrey Lane in Cypress Run. The lot has been loved. The landscaping is thoughtfully designed with flowering trees that announce every season and beds that stay vibrant from spring through fall. Even the courtyard entry garage seems to smile as you pull in, giving you an easy path in and out. Stepping inside feels like reading the first page of a novel that already has your attention. Hardwood floors guide you past the foyer into a spacious family room filled with natural light streaming through big windows. A cozy fireplace anchors the space and the tall ceilings make the entire room feel open yet comforting. Just off the family room is a screened porch that invites slow evenings, morning coffee, and year round enjoyment. The yard beyond it is simply stunning with mature trees, blooming shrubs, and grass that looks like it was brushed into place. The kitchen sits at the heart of the home with a well thought out layout and a breakfast area overlooking the backyard. It is the kind of view that makes even a simple cup of tea feel special. The dining room is just right for lingering over dinner, especially as the holidays approach. The split floor plan provides privacy with a primary suite tucked quietly on its own wing. Trey ceilings add charm and the bathroom gives you everything you hope for with a soaking tub, walk in shower, and a generous walk in closet. Guest rooms are well sized and share a lovely full bath. Closet space throughout the home is more than enough for real life. Upstairs is the only second level space, a large bonus room with its own thermostat. This room can easily become a quiet retreat, a home office, a playroom, or the place for movie nights. The laundry room is spacious and doubles as an ideal mud room. The garage is oversized with shelving that is ready for tools, storage bins, or a spot for holiday decor. It feels practical and intentional, just like the rest of the home. The location is special. Cypress Run sits in an incredibly convenient section of Greenville with highly regarded schools and quick access to shopping and dining. Everyday errands are simple with Publix, Ingles, and Target close by. Dining options are abundant. Try The Lost Cajun, Tupelo Honey, Sidewall Pizza, or enjoy a relaxing meal at Soby’s in downtown Greenville which is a short drive away. This home has been cared for. Loved. It deserves a buyer who will appreciate its gentle strength, its thoughtful design, and its warmth. If homes could write letters, this one would simply say I have been good to those who lived here and I am ready to be good to you too.
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.
