Welcome home to this beautifully maintained all-brick estate situated on 1.95 acres with county taxes only, while still being just minutes from town conveniences. Located in the growing community of Chester, this exceptional property offers the perfect combination of comfort, entertaining space, and private resort-style living with an easy commute to Charlotte or Columbia. Designed with family living in mind, this spacious home features 4 bedrooms and 2.5 baths with an abundance of storage throughout. The recently updated kitchen (2022) is truly the heart of the home, showcasing quartz countertops, custom wood cabinetry with soft-close doors and pull-out drawers, subway tile backsplash, recessed lighting, updated appliances, and a large eat-at bar with seating for four. A dedicated coffee bar area creates the perfect morning retreat. The oversized primary suite features separate his-and-her closets, while the luxurious primary bath includes custom cabinetry, double vanities, a linen closet, tile shower, and a soaking tub that has never been used. The hall bath offers double sinks and a walk-in shower, ideal for busy households. Elegant formal living spaces include custom built-in cabinetry with recessed lighting, while the cozy den features shiplap ceilings, a fireplace, recessed lighting, and direct access to the backyard oasis. Outdoor living is where this property truly shines. Enjoy relaxing on the screened-in back porch with convenient access to the laundry room and half bath — perfectly positioned for pool guests so wet feet never track through the home. The inground pool is surrounded by an abundance of concrete decking with ample room for rockers, loungers, and outdoor entertaining. The expansive backyard offers endless possibilities for recreation, pets, and gatherings. Additional updates include: Roof replaced in 2023, Two HVAC units with scrubbers installed in 2018 & 2019, Pool pump replaced approximately 5 years ago If you are looking for space, quality updates, privacy, and the perfect home for entertaining and everyday living, this property is a must-see.
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.
