Tucked into the peaceful Tamarack Trails subdivision just outside of Greenville, this is the kind of home that gives buyers what they are really hoping to find: more space, more privacy, & a backyard that actually feels like a place to live. Set on a beautiful 0.379-acre lot, this 3-4 bedroom, 1.5-bath two-story home offers 1,937 square feet of comfortable living space w/ room to spread out both inside & out. From the covered front porch to the mature trees & fully fenced backyard, the setting feels quiet, shaded, & relaxed without putting you far from town. Inside, the home offers multiple living areas & a layout that can flex with everyday life. The giant, open family room is the showstopper, anchored by a brick-surround gas fireplace that adds warmth and character to the space. Patio doors lead directly to the paver patio, making it easy to move from cozy nights by the fire to summer evenings outside. Just off the family room, a bonus room adds even more versatility and could work beautifully as a den, office, playroom, hobby space, or even a 4th bedroom option if needed. The kitchen features gray cabinetry, stainless appliances, tile backsplash, open shelving, & a convenient connection to the dining & living spaces. Whether you are hosting, gathering, or simply keeping real life running smoothly, the layout gives you options without feeling complicated. Out back, the fully fenced yard feels like its own private retreat. Mature trees, shade, green space, & a paver patio create a setting that is easy to imagine for pets, play, gardening, cookouts, or quiet mornings under the trees. A utility shed provides extra storage, while the 2-car attached garage offers space for vehicles, tools, hobbies, and everything else that comes with daily life. With generous living areas, a flexible bonus room, a peaceful country subdivision setting, & a backyard that truly adds to the lifestyle, this home offers the comfort and breathing room buyers hope to find just outside of town.
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.
