Experience refined comfort and effortless living in this beautifully maintained ranch-style residence, ideally located just minutes from Research Triangle Park. Thoughtfully upgraded and meticulously cared for, this home blends sophisticated design with everyday convenience, including weekly lawn maintenance for easy living. A welcoming covered front porch opens into an elegant entry foyer flanked by two well-appointed secondary bedrooms and a full hall bath. The thoughtfully designed open-concept floor plan creates a seamless flow, ideal for both relaxed living and stylish entertaining. At the heart of the home is the gourmet eat-in kitchen, featuring a spacious island, upgraded fixtures, abundant cabinetry, and generous counter space. The kitchen opens beautifully into a formal dining area and inviting family room with fireplace, creating a warm yet refined gathering space. The private owner's suite, tucked toward the rear of the home, offers a tranquil retreat complete with a spacious primary bath, dual vanities, a large walk-in shower, and an oversized walk-in closet. One of the home's most charming spaces is the sun-drenched sunporch, currently styled as a second lounge, offering the perfect setting for morning coffee or evening relaxation. Step outside to a custom-paved patio designed as an outdoor living room, ideal for entertaining or unwinding while enjoying the scenic surroundings. The backyard showcases picturesque pond views and a classic southern landscape, where cranes, ducks, turtles, and grazing cattle from neighboring pastureland often create peaceful, postcard-worthy moments throughout the day. Additional features include: custom 8-foot glass front door, multiple tall interior doors enhancing the sense of space, pull-down attic access with abundant storage, spacious two-car garage, well-appointed laundry room. residents enjoy access to community amenities including a pavilion with grilling area, outdoor games, and a community garden--perfect for gathering and enjoying the outdoors. Elegant, peaceful, and ideally located. This exceptional home offers a rare opportunity to enjoy comfort, style, and scenic surroundings just moments from one of the nation's most dynamic innovation hubs.
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.
