Welcome to 400 Millridge Road in Piedmont, SC! A charming property that offers comfort, space, and convenience all in one. Step inside to find a warm and inviting layout with plenty of natural light throughout. The living areas are ideal for both relaxing and entertaining, featuring a comfortable flow between spaces. With LVP flooring throughout the main living areas and cozy carpet in the bedrooms. The kitchen offers ample cabinetry and workspace, making meal prep easy and enjoyable. The kitchen has an oversized island, a huge walk-in pantry, and stainless-steel appliances and flows to the dining room and living room, making the space feel inviting and spacious! The bedrooms are generously sized, providing cozy retreats at the end of the day, while the bathrooms are designed with functionality and comfort in mind. This 4-bedroom, 2-bathroom home features spacious rooms, a smart split floor plan. A dedicated laundry room located right between all of the bedrooms adds convenience and ease. Outside, the property offers a covered back patio leading to a spacious yard—perfect for outdoor gatherings, gardening, or simply enjoying the South Carolina weather. In addition, the 2-car garage provides ample room for parking and storage. For an amazing final touch, the neighborhood pool is just around the corner, just in time for summertime! Nestled in a peaceful setting, this home provides the perfect balance of quiet living while still being just a short drive from shopping, dining, and major roadways. Enjoy an easy drive to downtown Greenville, Simpsonville, and Fountain Inn, along with quick access to the highway and close proximity to major employers like Michelin and Lockheed Martin. This home delivers the lifestyle you want AND the value you need! Whether you're a first-time buyer, looking to downsize, or searching for a solid investment opportunity, this home has plenty of potential to make it your own. With a Piedmont address, but right at the edge of Greenville, this home truly gives the best of both worlds! Don’t miss your chance to own this inviting home. It’s completely move in ready and priced to SELL. Schedule your showing 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.
