Tucked in the heart of O’Neal Village in Greer, this home is all about the lifestyle this community is known for. Positioned on a corner lot that fronts trees and sits on one of the larger lots in the neighborhood, it feels tucked away while still being just a short walk to everything. Whether it’s coffee at Barista Alley or dinner at House 509 Bistro and Wine Bar, you’re right there near the everyday spots that make this neighborhood feel so connected. Inside, you’ll find three bedrooms with the primary on the main level and tall ceilings that immediately open up the space. Upstairs offers a bedroom, full bathroom, and bonus space that works well for guests, a playroom, or a home office. The kitchen has been updated with NEW quartz countertops and a newly installed backsplash, giving it a fresh, clean look. Much of the home has been repainted, the primary bedroom has NEW carpet, and the upstairs carpet has been professionally cleaned, so it feels well cared for from the moment you walk in. Out back, the fenced yard and extended patio create a space that’s easy to enjoy, whether that’s having people over or just spending time outside. O’Neal Village is known for its sidewalks, front porch feel, and the way it naturally brings people together, from casual evening walks to community events throughout the year. Amenities include an olympic size pool, fitness center, playground, basketball court, fire pit, community garden, green spaces, and an amphitheatre for live music and events, along with a bistro, coffee shop, ice cream shop, nail salon, and daycare, with more still coming soon. You’re also just minutes from Lake Robinson, Lake Cunningham, and downtown Greer, making it easy to get out and enjoy everything the area has to offer while still coming home to a neighborhood that feels like its own little world. With the use of a preferred lender, a qualified buyer may receive a credit toward closing costs or a reduced interest rate.
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.
