From the moment you arrive, this beautifully updated 3-bedroom, 2-bath brick home on a full, manicured acre makes a lasting impression. A top-to-bottom, open checkbook renovation means everything has been done--and done right. At 1,745 square feet, the layout lives large. Soaring vaulted ceilings amplify the warmth and openness of the living area, where a wood-burning fireplace creates the perfect gathering spot on cool Carolina evenings.The heart of the home is a true chef's kitchen, anchored by a 9,000 BTU downdraft stove and finished with rich wood cabinetry featuring soft-close doors.The primary suite is your private retreat -- a sun-drenched bay window fills the room with natural light, a ceiling fan keeps things comfortable year round, and dual his-and-her custom walk-in closets keep everything beautifully organized. The spa-inspired bath showcases an 8' shower and a custom $3,500 dual vanity. High-end finishes and thoughtful details turn every morning into a luxury experience. Step outside to the spacious back deck, where lush wooded views and total seclusion make every outdoor moment feel like an escape -- your own private retreat right in the backyard. Practical upgrades bring lasting peace of mind: brand-new commercial-grade LVP flooring throughout, a brand-new vapor barrier in the crawl space, and a huge oversized 2-stall garage ready for storage, hobbies, and everything in between. A pre-listing inspection is already complete with all repairs fully documented -- so you can move forward with total confidence. No HOA. No restrictions. Just wide open space and the peaceful, private country lifestyle you've been looking for. Schedule your private showing today -- move-in ready homes on a full acre with upgrades like these don't stay on the market long.
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.
