A rare opportunity to own one of Raleigh's hidden gems—where exceptional craftsmanship, resort-style amenities, and over 3 private acres come together to create a lifestyle few properties can match. This is more than a home; it's an experience that must be seen to be fully appreciated." Rare opportunities like this don't come along often. Nestled on over 3 beautifully landscaped acres, this exceptional custom-built estate offers an unmatched combination of quality craftsmanship, luxury amenities, privacy, and versatility. With over 6,000 square feet of thoughtfully designed living space, this meticulously maintained ranch home is one that must be experienced in person to fully appreciate the attention to detail, superior construction, and incredible lifestyle it offers. The chef's kitchen is a standout, featuring granite countertops, a Viking gas range, stainless steel appliances, abundant cabinetry, and a spacious island perfect for gathering and entertaining. The elegant family room offers warmth and character with one of three gas log fireplaces, while multiple flex spaces throughout the home provide endless possibilities for a home office, fitness room, recreation area, hobby space, or multi-generational living. The luxurious owner's retreat is a sanctuary of its own, complete with a private fireplace, spa-inspired bath, soaking tub, walk-in shower, and oversized walk-in closet. Step outside and discover your own private resort. The beautifully landscaped grounds provide plenty of space for gardening, outdoor entertaining, and enjoying the peaceful surroundings. Relax on the expansive front porch, unwind on the screened porch, or spend summer days by the heated saltwater pool and pool house. A private basketball court adds even more opportunities for recreation and fun right at home. Car enthusiasts, hobbyists, and those needing extra space will appreciate the attached 3-car garage, detached garage, additional storage building, heated flex space, and abundant storage throughout, including a large unfinished walk-in attic and unfinished basement areas. Solar panels provide added efficiency and long-term value. Offering the perfect balance of luxury, land, and lifestyle with no HOA, this one-of-a-kind property delivers the space and flexibility today's buyers desire while remaining convenient to Raleigh amenities. A truly rare offering that must be seen to fully appreciate all it has to offer.
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.
