3 Audrey Lane in Cypress Run presents the kind of quality buyers notice the moment they arrive. This brick home offers timeless curb appeal with a courtyard-entry garage, mature landscaping, flowering trees, and one of those beautifully established yards that immediately tells you this property has been carefully maintained over time. Inside, hardwood flooring leads through a bright foyer into a spacious family room where tall ceilings, abundant natural light, and a fireplace create a comfortable central gathering space. Large windows frame views of the private backyard and bring warmth throughout the main living areas. Just off the family room, the screened porch extends daily living outdoors and creates the perfect place for morning coffee, quiet evenings, or entertaining guests year-round. The kitchen is positioned at the heart of the home with generous cabinetry, excellent work space, and a breakfast area overlooking the backyard. A separate dining room gives flexibility for holidays, dinner parties, or everyday living. The split bedroom floor plan continues to be one of the most desired layouts, with the primary suite privately located on the main level. Trey ceilings add architectural detail, while the bath includes a soaking tub, separate shower, dual vanity space, and a large walk-in closet. Guest bedrooms are well sized with good storage and convenient bath access. Upstairs, the bonus room is the only second-level space and has its own thermostat, making it ideal for a home office, media room, guest retreat, or playroom. The oversized laundry room works beautifully as a mudroom and provides additional function buyers appreciate. The garage includes shelving and practical storage space for tools, hobbies, and seasonal items. The backyard is especially appealing, offering mature trees, established greenery, blooming shrubs, and privacy that is increasingly difficult to find in today’s market. The lot feels peaceful, usable, and beautifully established. Located in one of Greenville’s most convenient areas, this home offers quick access to Publix, Target, everyday shopping, medical services, and popular dining including Tupelo Honey and Soby's. It also serves the highly regarded J. L. Mann High School area, which continues to drive strong buyer interest. This is the kind of Greenville home buyers wait for: solid construction, thoughtful layout, established setting, and a location that continues to hold long-term value.
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.
