Whether you are looking for room to grow, a savvy investment, or the perfect multi-generational setup, 304 Del Norte Road offers an incredible blend of space and versatility in a prime location. Nestled in the sought-after Del Norte Estates, this expansive 2,600-square-foot residence is perfectly positioned just moments from the best of Greenville, Taylors, and Greer. The home arrives truly move-in ready, featuring five bedrooms, three full bathrooms, and fresh paint throughout to provide a clean, modern canvas for its next owners. The main level greets you with gleaming Brazilian Cherry hardwood floors that flow seamlessly through the spacious living and dining areas. At the heart of the home is a beautifully updated chef’s kitchen, complete with custom cabinetry, sleek granite countertops, and a full suite of stainless steel appliances. For everyday comfort, the cozy family room is anchored by a warm gas fireplace, while the nearby laundry room provides added convenience with a Maytag washer and dryer, extra storage, and pantry space. This level also hosts three generous bedrooms and two updated bathrooms, including a hall bath featuring new cabinets and stylish ceramic plank flooring. The property’s potential truly shines on the lower level, which functions as a completely private, turn-key living area. With its own separate entrance, two additional bedrooms, a full bathroom, and dedicated climate control and water heating systems, this space is ideal as an in-law suite, guest retreat, or an income-generating rental unit. Rounded out by a 1.5-car garage and abundant storage, this home is a rare find for anyone seeking flexibility and convenience. Properties with this level of utility in such a central location move quickly—schedule your tour today to see the possibilities for yourself!
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.
