Over 2500 sq ft of living, PLUS GARAGE AND SEPARATE SHED/WORKSHOP … without the price tag you expect! Tucked into the peaceful countryside of Salisbury, 350 Pinevale Drive is the kind of home that surprises you in the best possible way. The outside is a classic brick ranch with timeless charm… then step inside and you’ll quickly realize this property offers so much more than meets the eye. Upstairs, you’ll find warm, comfortable living spaces filled with natural light, including three bedrooms, inviting gathering areas, and the cozy character of a country charm. But the real magic? It’s what waits just beyond the main level… Downstairs you can get away to an enormous finished basement with nearly 1,200 square feet of heated and cooled space opens the door to endless possibilities: game nights, movie marathons, a home gym, hobby space, or the ultimate entertaining retreat. French doors lead out to a large patio, creating the perfect indoor-outdoor flow for grilling, lounging, or hosting under the Carolina sky. The quiet, rural lifestyle continues … A flat, fenced yard ready for gardens, pets, play, or peaceful evenings… plus a 24-foot above-ground pool that turns summer days into staycations. Need space for tools, toys, or weekend projects? You’ve got it—with a wired 16x12 storage building and extra covered storage for all the extras that come with country living. Features like two gas log fireplaces, updated touches throughout including NEW WINDOWS 2010, ROOF 2025, CARPET 2022, HEAT PUMP 2025, ABOVE GROUND POOL 2023, LAMINATE FLOORING 2019, basement painted 2025, and SEPTIC TANK REPLACED 2019. This home delivers comfort, space, and value in a way that’s hard to find. This isn’t just a house… It’s a place to breathe deeper, spread out wider, and live louder. Quick drive to adorable downtown Salisbury and I-85. Come see what makes this rare gem unforgettable.
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.
