Welcome to 10096 North Carolina 226 — a rare mountain retreat offering privacy, space, and endless possibilities on nearly 4 acres in the heart of Western North Carolina. Priced aggressively at $465,000, this property is positioned to sell fast and represents exceptional value for the amount of land, square footage, and amenities included. Built in 1998, this beautiful log-style home features approximately 2,914 square feet of living space plus an additional 1,100 square feet of finished basement area, providing ample room for full-time living, vacation use, entertaining, or even potential income-producing opportunities. From the moment you arrive, you'll appreciate the rustic charm and peaceful setting. The home's classic wood-frame construction and expansive wraparound porch create the perfect place to enjoy morning coffee, unwind after a long day, and take in the natural beauty surrounding the property. Outdoor living is where this property truly shines. Enjoy summers by the pool, gather around a fire under the stars, entertain guests, or simply enjoy the tranquility that comes with owning almost four acres of your own mountain paradise. The land offers plenty of room for recreation, gardening, additional structures, or future development opportunities. Inside, the spacious layout provides flexibility for families, guests, remote work, hobbies, and entertainment. The substantial finished basement adds valuable living space that can serve as a recreation room, guest quarters, media room, home gym, or whatever fits your lifestyle. Conveniently located near many of Western North Carolina's most sought-after outdoor destinations, including Lake James, Chimney Rock State Park, and South Mountains State Park, you'll have easy access to hiking, boating, fishing, mountain adventures, and year-round recreation. Property Highlights: Priced at $465,000 Priced to sell fast Nearly 4 acres 2,914 SqFt above grade Additional 1,100 SqFt finished basement Built in 1998 Log-style wood-frame construction Expansive wraparound porch Private pool Delivered vacant and clean Peaceful mountain setting with endless possibilities Excellent full-time residence, vacation home, or investment opportunity Properties offering this combination of acreage, square footage, character, and outdoor amenities are becoming increasingly difficult to find at this price point. Don't miss your chance to own this unique mountain getaway before it's gone.
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.
