Welcome to your serene retreat near Lake Robinson! This four bedroom, two and a half bath home offers a warm, inviting atmosphere on a spacious lot with trails just steps away. It’s the perfect blend of comfort and nature. This 2000+ sq ft home is located in a peaceful neighborhood just 13 minutes from both Greenville and Spartanburg, this property is perfectly situated for those who enjoy quiet living while staying close to everything the area has to offer. Step inside and discover a warm and welcoming interior, complete with a cozy fireplace. Laminate flooring throughout, multiple walk-in closets and bedroom ceiling fans, provide both comfort and convenience for your everyday lifestyle. Covered front and back porches, a formal dining room and a kitchen dining area provide ample space to entertain family and friends indoors and out. The property's yard is a true highlight, featuring peach, plum, and cherry trees, a blueberry bush covered in blooms. Nature lovers and outdoor enthusiasts will delight in easy access to walking trails, as well as nearby Lake Robinson, Paris Mountain State Park, and Lake Cunningham—ideal for hiking, boating, and exploring the scenic mountains. Recent updates include septic pump out in 2024, washer and dryer from 2025 are negotiable. Almost all interior doors have been painted (except for a couple of closets); exterior porch trim is scheduled for painting in the next two weeks. Dining room has been painted a neutral color. Don’t miss your chance to own this wonderful home in a desirable location close to all the best amenities. Schedule your private tour today and discover the perfect place to call home! This property is eligible for USDA financing. Seller offering an allowance with acceptable offer for painting, etc.
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.
