Welcome to this charming home located in one of Greenville’s most desirable and established neighborhoods River Oaks Estates. Tucked away on a quiet dead-end street this property offers a peaceful setting with minimal traffic—perfect for those looking for a quiet place to call home in a neighborhood where residents tend to stay for years. Inside you’ll find a spacious and functional layout designed for comfortable everyday living and easy entertaining. The living area offers plenty of natural light and flows seamlessly into the dining space and kitchen creating a warm and inviting atmosphere for gatherings with family and friends. The home features three generously sized bedrooms and every bedroom includes a walk-in closet—providing exceptional storage throughout the home. Primary suite offers a relaxing retreat and an updated walk in shower,dual vanity and a garden tub to soak the day away. Several important updates have already been completed giving buyers added peace of mind. 2023 Roof, the electrical panel has been replaced, 2020 HVAC, 2022 French Drain, 2024 Dishwasher, added WIFI controlled sprinkler system. Outside the spacious yard offers plenty of room for outdoor enjoyment, whether it’s entertaining guests, gardening, or simply relaxing under the mature trees that enhance the home’s curb appeal. Backyard fenced for your 4 legged friends! Storage Building for all your extra man toys! Extended concrete driveway with concrete pad for additional parking or RV. Homes in River Oaks Estates rarely come available, and the combination of a quiet dead-end street, thoughtful updates, and a highly sought-after neighborhood makes this property a fantastic opportunity. Conveniently located near shopping, dining, schools, and major roadways, this home offers both comfort and convenience. Schedule your showing today and see all this Greenville gem 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.
