Luxury Mountain Living at 100 Deacons Way! Experience breathtaking views of the Nantahala and Smoky Mountains from this meticulously crafted mountain retreat. Situated in Franklin, NC, this home blends high-end finishes with thoughtful, practical upgrades designed for comfort and efficiency. Key Interior Highlights Living & Entertaining: The heart of the home features a dramatic 25-foot vaulted ceiling in white pine and a cozy Freeman fireplace with gas logs. The open-concept flow leads into a gourmet kitchen boasting an 8-foot granite island, custom white cabinetry with pull-out drawers, and professional-grade details like a gas range and double brushed stainless sinks. Primary Suite: A true sanctuary offering stunning mountain views, pocket doors, and a luxury bath featuring an oversized soaking tub and a shower with twin heads and a tiled seating bench. Flexible Space Layout: One of the bedrooms could also be used as a dedicated study/office with double glass doors and phone/computer outlets offers the perfect "work from home" setup or can easily be converted into a third bedroom. Premium Finishes: Enjoy the elegance of a solid Douglas fir front door (finished with 12 coats of varnish), soft-close cabinetry throughout, and Levolor cordless cellular shades. Outdoor & Structural Excellence The Porch: Relax on the expansive porch, complete with hog wire fencing to preserve the view, sunshades, and a cypress wood swing. Superior Construction: Built for efficiency with 2x6 framing, R-19 insulation on all outside walls, and a dual-fuel system with a reverse cycle propane furnace (fed by an underground 500-gallon tank). Garage & Storage: An oversized 750 sq. ft. insulated garage with LED lighting and built-in shelving/cabinets. Additional storage is available in the decked attic and a 5-foot clearance crawl space with a vapor barrier. Modern Comforts Technology: Viasat internet-ready with excellent cell coverage. Convenience: Navien instant water heater, LED lighting throughout, and dimmer switches in nearly every room. Maintenance: Gutter guards and rounded drywall corners showcase the attention to detail in this "better than new" home. Don't miss your chance to own this mountain masterpiece where every detail has been accounted for!
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.
