Discover the idyllic charm of a 9.43-acre horse property, offering a serene escape just moments from city conveniences. This remarkable estate in Blythewood, South Carolina, presents a unique blend of rural tranquility and modern comfort, perfect for those seeking a lifestyle harmonized with nature and equestrian pursuits. Location Nestled in the heart of Blythewood, South Carolina, this property benefits from its desirable Richland County address within the acclaimed Richland District 2 school district. Enjoy the peaceful ambiance of country living with easy access to the vibrant community and amenities of Blythewood. Land and terrain The expansive 9.43 acres of land offer a versatile canvas for your vision. Thoughtfully fenced, the property is well-suited for equestrian activities, providing ample space for horses to roam and thrive. The terrain is conducive to various outdoor pursuits, inviting exploration and enjoyment of the natural surroundings. Improvements and infrastructure The charming two-story Cape Cod residence, built in 2017, features a durable vinyl siding exterior and a solid brick/mortar foundation. Inside, the home boasts 4 bedrooms, 2 full baths, and 1 half bath, with comfortable carpet and laminate flooring throughout. Practical improvements include a spacious garage and a useful shed, enhancing the property's functionality and storage options. For equestrian enthusiasts, the property is equipped with hay storage and a riding trail, making it an ideal horse property. Water and utilities Reliable well water serves the property, ensuring a consistent and independent water source. Essential utilities are readily available, with electricity connected to the home. Comfort is assured year-round with a heat pump for heating and central air conditioning. Wildlife and vegetation Embrace the natural beauty of the South Carolina landscape, where small game and whitetail deer are common visitors, adding to the property's peaceful atmosphere. The vegetation complements the natural habitat, creating a harmonious environment for both wildlife and residents. Current and potential use Currently utilized for horses, residential living, and timber, this property offers a diverse range of opportunities. Its thoughtful layout and amenities make it perfect for continued equestrian endeavors, while the spacious acreage also provides the flexibility for new owners to shape its future according to their desires. Access and easements Access to the property is convenient via an asphalt county road, ensuring smooth entry and exit. The well-maintained road frontage contributes to the ease of ownership and accessibility for residents and visitors alike. Contact us today to learn more or to schedule a visit.
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.
