Love quiet country living in an established, charming neighborhood—plus water access and a private in-ground pool? This is the home you've been waiting for! Welcome to this beautifully maintained property offering comfort, space, and awesome outdoor living—with NO HOA and deeded access to the River Landing boat ramp! Conveniently located near I-40, you'll enjoy being outside the Wilmington hustle while still close to shopping, dining, and area beaches including Surf City, Topsail Beach, and Wrightsville Beach. The home lives mostly on one level with everything on the first floor except the finished room over the garage. Ideal for a bonus room, office, or guest space. Enjoy the high ceilings in the bedrooms and an inviting living room featuring hardwood floors, recessed lighting, gas log fireplace, and built-in cabinetry. A desirable split-bedroom layout offers two bedrooms + full bath on one side, an additional bedroom + full bath on the other, and the primary suite privately tucked across the home. Entertain with ease in the formal dining area and breakfast nook! The kitchen opens to the breakfast nook and overlooks the pool, featuring a lighted pantry, granite countertops, deep two-basin sink, built-in microwave, double oven, and new dishwasher (2024). Laundry room off the 2 car garage with tile floors + newly added cabinetry. Updates include a 2019 hot water heater and one HVAC split zone unit replaced in 2024. The spacious primary suite includes hardwood floors, recessed lighting in tray ceiling, large walk-in closet, and ensuite bath with step-in shower, soaking tub, double vanity, vaulted ceiling with chandelier, and separate water closet. Step outside to a true backyard oasis! Beautifully landscaped and features a lighted saltwater pool, deck, and covered stone patio with outdoor stone fireplace! Fenced backyard with irrigation system, great landscaping, and shed for storage. Encapsulated crawlspace w/ 2 dehumidifiers + routine maintenance. Come and 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.
