Seller offering $5,000 in buyer concessions for offers submitted this weekend only. Open House Saturday 3-6 PM. 1.48 acres. No HOA. Private in-law suite. A private retreat like this doesn't come around often--especially this close to Raleigh, Wake Forest, Zebulon, and Knightdale. Welcome to 121 Winchester Dr, where space, privacy, and flexibility come together in a way that's increasingly hard to find. Located in an area known for larger homesites and low turnover, this property offers both privacy and convenience. Inside, the home has been thoughtfully updated and reimagined for modern living. The layout has been intentionally modified to better support real-life needs, creating a home that adapts as your lifestyle evolves. A standout feature is the private in-law suite, created by converting a primary space into its own living area. This is not just an add-on--it's a purposeful design that offers true separation, ideal for extended family, long-term guests, or a private, independent space. The main living areas continue to deliver with multiple living spaces, a dedicated office, and flexible areas that can be used for work, guests, or everyday living. Step outside and the lifestyle opens up. The screened porch overlooks the backyard, offering a quiet place to unwind, while the 1.48 acres provide room to spread out and enjoy the space around you. A basketball court adds a functional outdoor feature you don't typically find. The expansive front area enhances versatility, providing ample space for multiple vehicles, projects, or outdoor entertaining. Convenience without compromise--centrally located between Zebulon, Knightdale, Raleigh, and Wake Forest while still offering space and privacy. You're less than 7 miles from US-64/US-264, with quick access into Downtown Raleigh and toward the coast, and approximately 10 minutes to the I-540 interchange for easy commutes to RTP and RDU. Everyday conveniences are just minutes away, with Wendell Falls and Treelight Square 13 minutes from the home, Knightdale Station about 10 minutes away, and Wake Forest under 15 minutes, giving you access to everything without sacrificing space. If you've been searching for land, no HOA, and a home that offers flexibility without compromise, this is the one. Seller is listing agent. Zestimate may not reflect true market value due to the in-law suite/ADU. Limited comparable sales--please reference 2441 Eagle Rock Rd, Wendell as the closest comp.
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.
