Welcome to your own private retreat, offering the perfect blend of modern updates, expansive space, and an unbeatable location. Situated on nearly a full acre of beautifully private, mature land with absolutely no HOA, this impressive 5-bedroom, 3.5-bathroom estate greets you with a classic, large covered front porch. Inside, the home shines with an array of recent high-value updates, including fresh interior paint, brand-new flooring, plush new carpet, and pristine new kitchen countertops. The main level features a formal dining room and a bright, open kitchen with a breakfast nook that flows seamlessly into the inviting family room, complete with a cozy fireplace. Upstairs, the master suite serves as a spacious sanctuary with a large full bathroom and a walk-in closet, accompanied by three generously sized guest bedrooms and a highly functional, walk-in laundry room. The crown jewel of this property is the fully finished, walk-out basement, which can easily serve as a completely independent second living quarters. Boasting its own private entrance, a bedroom, a full bathroom, a convenient kitchenette, and two large entertaining rooms, this lower level is ideal for an in-law suite, a teen hangout, or the ultimate recreation space. Outdoor living is a dream here, whether you're relaxing on the front porch or hosting gatherings on the massive rear deck overlooking your expansive, secluded backyard. Conveniently located just minutes from the charm of downtown Greer and a central 30-minute commute to both downtown Greenville and Spartanburg, this home offers space to grow, the privacy you crave, and the modern updates you deserve.
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.
