Nestled on a quiet cul-de-sac in one of the area's most welcoming neighborhoods, this custom-built home offers an exceptional combination of luxury, privacy, and everyday functionality. Situated on a beautifully landscaped lot with expansive front and rear yards, you'll enjoy the rare advantage of protected privacy—no homes visible behind you, no future development behind or in front of the property, and additional wooded acreage beyond the fenced backyard that is part of the lot. Multiple gates, including double gates on both sides of the home, provide convenient access to the full property. Step through the impressive double front doors into a stunning foyer that sets the tone for the thoughtfully designed interior. Very high-quality finishes are showcased throughout, including impressive 8-foot interior doors, stunning custom trimwork, and beautiful Mohawk Redwood Plus laminate flooring. The entire main level has also been freshly painted using premium Sherwin-Williams Cashmere paint, creating a fresh, sophisticated backdrop for everyday living. The open floor plan features a spacious family room that flows seamlessly into the chef's kitchen. Designed for entertaining, the kitchen boasts an oversized island, abundant cabinetry, a generous walk-in pantry, and exceptional workspace. The covered rear porch extends your living space outdoors, connecting effortlessly to the grilling deck and patio—perfect for relaxing evenings or hosting family and friends while overlooking the private backyard. Every detail has been carefully considered, including custom wood shelving in every closet, providing both beauty and organization. The flexible floor plan offers spacious bedrooms plus multiple bonus spaces, allowing room for two home offices while still maintaining comfortable guest accommodations. One of the bedrooms currently serves as a home office and features brand-new custom built-in cabinetry, making it equally suited as a private workspace or bedroom. Each bedroom enjoys one of 4 full bathrooms, complemented by an additional half bath for guests. The oversized three-car garage features epoxy-coated floors, painted walls, and abundant space for vehicles, storage, or hobbies. For added comfort and peace of mind, the home is equipped with a standby whole-home generator, ensuring reliable power whenever it's needed. Beyond the home, you'll love the peaceful setting and friendly, walkable community where neighbors organize social events and activities throughout the year. Residents enjoy a community pool and playground, with additional amenities planned for the future, making this an exciting neighborhood to call home. Enjoy convenient access to charming downtown Franklinton with its local restaurants, breweries, wineries, and shops, explore the small-town charm of Youngsville, or take a short drive to downtown Wake Forest, Wegmans, and an ever-growing selection of shopping and dining options. This is a rare opportunity to own a beautifully appointed home that combines luxury finishes, thoughtful upgrades, flexible living spaces, exceptional privacy, and an outstanding community lifestyle.
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.
