Beautiful Colonial nestled in a vibrant Columbia community, thoughtfully refreshed with fresh paint and new flooring throughout. A charming covered front porch welcomes you inside to a sun-filled living room that flows seamlessly into the dining room, highlighted by elegant accent molding and direct access to the spacious deck, perfect for indoor-outdoor entertaining.The kitchen is both stylish and functional, featuring a center island breakfast bar, granite countertops, wood cabinetry, stainless steel appliances including an LG InstaView refrigerator, and an open layout to the inviting family room. Here, a cozy wood-burning fireplace flanked by built-in bookshelves creates a warm focal point, while a sliding glass door provides additional deck access.Upstairs, the primary bedroom impresses with a soaring vaulted ceiling, a walk-in closet with an organization system, and a private full bath. Three additional bedrooms and a hall bathroom complete the upper level.The finished walkout lower level offers a spacious recreation room and abundant storage options. Outside, enjoy a beautifully landscaped, fenced backyard with a large deck and mature shade trees, offering privacy and a serene setting.Ideally located near major commuter routes, shopping, dining, and entertainment, this home combines comfort, convenience, and classic Colonial charm. Immediate occupancy available! Shared driveway with one other property. Sewells Orchard community offers tot lot, pet waste stations, sewells orchard park, common areas, rain gardens. Fireplace was bought in AS IS condition and is conveying in AS IS condition
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.
