Welcome to 77 Tannery Drive in Greer, South Carolina—a thoughtfully designed home featuring vaulted ceilings, a wide-open central living space, a flexible bedroom layout, and a private upstairs suite-style level that together create a rare combination of openness and versatility for homes in this area. This home offers approximately 2,700 sq ft of heated living space, which feels even larger thanks to the vaulted ceilings and open-concept design. Throughout the rest of the home, ceilings maintain a comfortable 9-foot height, enhancing the sense of space and consistency across all living areas. An attached 450 sq ft oversized two-car garage with finished walls and a concrete floor brings the total under-roof footprint to nearly 3,150 sq ft. The main living area is defined by an open and connected layout where the living room and kitchen flow together under expansive vaulted ceilings, creating a bright, inviting central space that feels larger than typical homes in the neighborhood. The dining area sits just off this main space and is separated by a single wall while remaining highly accessible, giving the home both openness and subtle definition for everyday living and entertaining. A mini butler’s pantry positioned between the kitchen and dining area adds a refined and functional transition space, enhancing both flow and storage while maintaining the open feel of the main living area. Throughout the home, rounded arch-style transitions at key walkways and entry points to common areas soften the architectural lines, replacing traditional squared openings and adding a subtle custom design touch that enhances flow and visual character. The kitchen and utility spaces were designed with both function and flexibility in mind. All major appliances are included with the home—including the washer, dryer, refrigerator, dishwasher, and microwave—and are in excellent to near-new condition. The home is also configured to accommodate both gas and electric appliance setups depending on buyer preference. A standout feature is the spacious walk-in laundry room, complete with a utility sink and generous workspace, offering both practicality and everyday convenience. The primary suite offers a spacious, private retreat with direct access to the backyard through sliding glass doors. The bathroom includes a jacuzzi tub, tiled walk-in shower with built-in seating, and a separate enclosed water closet, along with a large walk-in closet—creating a comfortable and well-appointed personal space. Two additional bedrooms are located on the main level, thoughtfully positioned off a separate hallway with a full bathroom, providing privacy and convenience for guests or family. Upstairs, a separate living area expands the home’s flexibility, featuring its own bedroom, bathroom, and lounge space. This upper level functions as a private suite-like setup while still being fully integrated into the home, making it ideal for guests, multi-generational living, or a dedicated work or hobby space. Situated on a corner lot, the property benefits from added openness with two sides free of direct neighboring homes, enhancing natural light, privacy, and overall sense of space. The yard is low-maintenance and easy to enjoy without excess upkeep. Overall, this home stands out for its vaulted architectural design, thoughtful ceiling transitions, softened architectural details, and multi-suite layout that offers flexibility rarely found in the area—all combining to create a comfortable, functional, and distinctive place to call home.
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.