Stunning and energy-efficient 5-bedroom home in the prestigious Manors at Lake Ridge, perfectly positioned on a quiet cul-de-sac near Lake Wylie, Baxter Village, top-rated Fort Mill schools, and the Baxter Village trail system. This beautifully updated home features “paid off” LG solar panels (installed 2021 with a 25-year warranty), reducing power bills from $250–$300 per month to as low as $57 (July 2025), providing exceptional long-term savings and sustainability.***** Fresh interior paint throughout (9/2025) enhances the open-concept floor plan, which is filled with natural light, upgraded finishes, and thoughtful details. The remodeled chef’s kitchen is the heart of the home, featuring new custom cabinetry, Taj Mahal Quartzite countertops, upgraded appliances and fixtures, under-cabinet lighting, an oversized island, gas cooktop, double ovens, double dishwashers, a luxurious double refrigerator, a spacious walk-in pantry, and a ZLINE professional chef’s gas range and oven. The kitchen flows seamlessly into the living and dining areas, creating the ideal layout for everyday living and entertaining.***** The spacious living room includes custom-built-in bookshelves, a gas fireplace, and beautiful wood beam accents, adding warmth and architectural interest. A formal dining room with French doors and a convenient front drop zone complete the main living areas.***** The main-floor primary suite offers a private retreat with a fully remodeled spa-inspired bathroom (updated 9/2025), upgraded tilework, dual closets, and a water closet. Upstairs, four generously sized bedrooms, including a converted bonus room with closet, provide flexibility for an office, playroom, gym, or media room to suit any lifestyle.***** Situated on a large 0.36-acre fully fenced lot, the outdoor living experience is outstanding. Enjoy a screened-in porch, expansive paver patio with firepit, tiered retaining walls, permanent outdoor lighting, and gated access on both sides of the home. In-ground irrigation (front and back) ensures easy lawn maintenance. A playset conveys with the property, and the covered front porch adds charming curb appeal.***** Additional features include: Vivint smart security panel (buyer to subscribe), stair access along the driveway, fresh interior paint, and extensive luxury upgrades throughout. With its rare combination of high-end updates, paid-off solar, expansive yard, premium outdoor spaces, and proximity to Lake Wylie, Baxter Village, parks, and top-rated Fort Mill schools, this home offers the best of Tega Cay living.***** For a complete list of upgrades and features, please contact a real estate professional.
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.
