Welcome to this extensively renovated 5-bedroom, 2.5-bath residence, thoughtfully reimagined to deliver the perfect combination of modern style, everyday comfort, and move-in-ready convenience. Located in one of Spartanburg’s well-established neighborhoods, this turnkey home showcases extensive updates throughout, allowing its next owner to enjoy the benefits of a beautifully refreshed property without the time, expense, or hassle of renovating. Step inside to discover bright, inviting living spaces where thoughtful updates and timeless design come together seamlessly. Brand-new flooring extends throughout both the main and upper levels, while fresh interior paint creates a clean, cohesive feel that complements the home’s spacious layout. At the heart of the home, the kitchen has been tastefully refreshed with professionally refinished cabinetry, stainless steel appliances, generous storage, and a functional layout that naturally connects to the surrounding living areas. The beautifully refinished fireplace and refreshed built-in shelving add warmth and character, creating an inviting atmosphere that’s equally suited for everyday living and entertaining family and friends. The versatile floor plan continues with five generously sized bedrooms, beautifully remodeled bathrooms, and a light-filled sunroom that serves as a peaceful retreat, perfect for relaxing with your morning coffee, enjoying a good book, or creating your own indoor garden filled with natural light. Step outside onto the newly rebuilt deck, ideal for weekend cookouts, family gatherings, and quiet evenings overlooking the spacious backyard. Situated on a desirable corner lot with mature landscaping, this home offers enhanced curb appeal, additional outdoor space, and a welcoming presence within the neighborhood. Conveniently located approximately five minutes from shopping, dining, parks, healthcare, and everyday conveniences, you’ll enjoy the perfect balance of peaceful neighborhood living and easy access to everything Spartanburg has to offer. The home is also located near well-regarded schools, adding to the convenience and appeal of this exceptional location. Thoughtfully refreshed from room to room and designed with today’s lifestyle in mind, 516 Brian Drive offers a rare opportunity to own a move-in-ready home where quality craftsmanship, generous living space, and timeless appeal come together beautifully. More than just a renovation, this is a home that’s been carefully prepared for its next chapter, offering comfort, functionality, and lasting value from the moment you walk through the door. Schedule your private showing today and experience everything this beautifully renovated home has to offer.
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.
