Welcome to comfort, style, and easy living! This charming two-story, low-maintenance home is perfectly situated on an exterior lot in the lovely Holly Farms community providing a private backyard retreat where you can unwind and entertain. Enjoy outdoor living at its best on the extended patio— where a quiet country feel provides the ideal setting for grilling, relaxing, or hosting gatherings with family and friends. As you step inside you will note a bright, open floor plan designed with both everyday living and entertaining in mind. Beautiful LVP flooring flows seamlessly throughout the main living areas, creating a warm and inviting atmosphere. The spacious great room opens effortlessly to the kitchen, making it easy to stay connected with guests. The chef’s kitchen is a true highlight, featuring Espresso cabinetry accented by a lovely backsplash, a center island with additional storage and prep space, sleek stainless appliances, and a convenient upgraded pantry—everything you need to cook and entertain with ease. A carpeted staircase leads to a thoughtfully designed second level with four generously sized bedrooms, two full baths, and a centrally located laundry room. The renovated laundry room includes the washer and dryer for your added convenience. The split-bedroom layout provides privacy, with the oversized primary suite set apart from the secondary bedrooms. This relaxing retreat offers ample space for larger furnishings, along with a private bath and a spacious walk-in closet. The additional bedrooms offer excellent closet storage, and one is versatile enough to serve as a recreation room, home office, or flex space to suit your needs. Additional features include smooth ceilings, a downstairs guest bath, upgraded light fixtures, security system, renovated laundry room, thermal windows, an architectural shingle roof, and a long driveway for extra parking along with a two-car garage. Best of all, enjoy the added privacy of not backing up to another home along with being located on a lot adjoining community property where you are not immediately siding to another home. This home is also conveniently nestled on a back street of the community and directly across from the community playground. All of this located within minutes of the vibrant areas of Greer and Spartanburg, with quick access to major highways - truly offering the perfect blend of comfort, convenience, and lifestyle. Don’t miss your opportunity to make it yours! A great price on a truly great home! Make an appointment to see it today!
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.
