Located on a quiet cul-de-sac in the desirable Knightsbridge community of Fort Mill, this beautiful home sits on a spacious, level lot with mature trees and well-kept landscaping. The classic brick exterior and welcoming curb appeal create a strong first impression, while the generous yard provides plenty of space to relax, play, or entertain outdoors. Inside, the home features a bright and functional layout with spacious living areas designed for both everyday living and hosting guests. The main level offers a comfortable flow between the living room, family room, dining area, and kitchen, creating multiple spaces to gather while still maintaining an open and connected feel. Large windows bring in natural light throughout the home, and a sunroom just off the main living area adds an additional flexible space that can be used for relaxing, working from home, or enjoying views of the backyard. One of the highlights of the home is the large screened-in porch that overlooks the yard, providing the perfect spot for morning coffee, outdoor dining, or unwinding in the evenings while enjoying the peaceful setting. Upstairs, the spacious primary suite offers a private retreat and features a beautifully updated primary bathroom with modern finishes and a clean, refreshed design. Additional bedrooms and flexible bonus space provide plenty of room for guests, hobbies, or home offices. The backyard offers a wide, open lawn with plenty of room for outdoor activities while maintaining a sense of privacy within the neighborhood setting. In-ground irrigation makes lawn care easy! Residents of Knightsbridge enjoy a variety of community amenities including a clubhouse, outdoor pool, tennis courts, recreation areas, sidewalks, scenic ponds, and walking areas throughout the neighborhood. The location places you in the heart of Fort Mill, close to highly regarded schools, shopping, dining, and everyday conveniences, with easy access to Charlotte for commuting. The nearby Catawba River and local parks also provide great opportunities for outdoor recreation, making this home an excellent blend of comfort, location, and lifestyle.
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.
