Summer was made for homes like this. Imagine spending your weekends lounging by the pool, grilling on the expansive double deck, relaxing beneath the covered pavilion, or gathering around the fire pit with family and friends. Situated on a spacious corner lot, this property was designed for enjoying the outdoors just as much as the inside, with plenty of yard space, a playset, and multiple areas to entertain all season long. Step inside and you'll find a beautifully maintained home filled with natural light, rich hardwood floors, elegant crown molding, and a striking coffered ceiling that anchors the spacious open-concept living area. The family room flows effortlessly into the kitchen, where abundant cabinetry, generous prep space, and a full stainless appliance package make everyday living and entertaining a breeze. Just off the living area, French doors open to a private home office, while a huge interior storage room provides the extra space every homeowner needs. The thoughtfully designed split-bedroom floor plan offers privacy for everyone. The oversized primary suite is a true retreat, featuring a trey ceiling, private access to the covered deck, an expansive walk-in closet, and a fully renovated spa-inspired bath with dual vanities and an incredible custom tile shower with dual rain shower heads. Two additional bedrooms and a full bath are tucked away on the opposite side of the home, creating comfortable accommodations for family or guests. The outdoor living continues with direct deck access from both the main living area and the primary suite, making it easy to enjoy your morning coffee or unwind after a long day. Whether you're hosting summer cookouts, cooling off in the pool, watching the kids play, or relaxing around the fire pit, this property truly offers the lifestyle you've been looking for. All of this is complemented by a prime location with easy interstate access, convenient commutes to both Greenville and Spartanburg, and endless shopping, dining, entertainment, and parks just minutes from home.
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.
