Welcome home to this beautifully updated 3 bedroom, 2 bath home with a spacious flex room and tons of upgrades throughout! Situated on over half an acre between Greenville and Spartanburg, this home offers both convenience and space. Just minutes from I-85, BMW, and Michelin, and located in highly sought-after District 5. From the moment you arrive, you’ll appreciate the great curb appeal and welcoming feel. Inside, the open floor plan features all bedrooms on the main level. As you enter, you’ll notice the luxury vinyl flooring that flows throughout the main living areas. The dining room sits to the left, complete with large windows, wainscoting, and crown molding, creating a great space for gatherings. The dining area looks into the living room with vaulted ceilings, luxury vinyl plank flooring, and a cozy gas fireplace. The kitchen is beautifully updated with granite countertops, a farmhouse sink, updated hardware, and a bar area that overlooks the living room, perfect for entertaining. The breakfast area just off the kitchen features sliding doors leading to the patio and fenced in backyard. The spacious primary suite includes a full bath with double sinks, ceramic tile flooring, a separate tub, and a stunning ceramic tile shower, along with a walk-in closet. The secondary bedrooms are generously sized with a full bath conveniently located between them. Just outside the primary bedroom and upstairs, you’ll find a large flex room, ideal for a home office, playroom, media room, or guest space. A walk-in laundry room is conveniently located off the kitchen in the hallway leading to the primary suite. Upgrades include new flooring throughout, fresh paint throughout, new light fixtures, updated hardware, new ceramic tile shower in master, farm style kitchen sink, granite countertops in the kitchen and new garage door. This move-in-ready home offers style, space, and an unbeatable location — schedule your showing today!
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.
