Freshly painted white with black shutters, this home has undergone a stunning exterior transformation that enhances its curb appeal and modern farmhouse charm. A rare opportunity to own a truly unique property offering 1.48 acres, no HOA, no city taxes, and the flexibility of two separate living spaces under one roof, all while being conveniently located between Raleigh, Wake Forest, Knightdale, and Zebulon. One of the home's most valuable features is the private suite complete with a kitchenette, full bathroom, private entrance, and dedicated parking. While ideal for multigenerational living, extended family, guests, or potential rental income, the possibilities go far beyond that. Use it as a homeschool classroom, home office, fitness studio, creative workspace, media room, or private retreat. For entrepreneurs and business owners, this space offers a unique opportunity to work from home without sacrificing privacy. With no HOA restrictions and ample parking, the separate entrance creates flexibility for a home-based business, client meetings, or a dedicated workspace without the expense of leasing a separate office. Unlike many homes in the area, this property combines privacy, usable outdoor space, and versatility in a way that's becoming increasingly difficult to find. The expansive 1.48-acre lot provides room to entertain, garden, work on projects, park multiple vehicles, store equipment, enjoy outdoor hobbies, or simply embrace the freedom that comes with owning land without HOA restrictions. Inside, the home has been thoughtfully updated and reimagined to support modern living with flexible spaces, multiple living areas, and a layout designed to adapt as your needs evolve. Whether you're looking for space for family, a dedicated homeschool setup, a private office, room for a home-based business, supplemental income potential, or simply more freedom than a traditional neighborhood can offer, this property delivers possibilities that are hard to find in today's market. Properties offering this combination of land, privacy, no HOA, no city taxes, flexible living space, and convenient access to Raleigh, Wake Forest, Knightdale, and Zebulon rarely come to market, especially at this price point.
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.
