Welcome home to a true Carolina find — two adjoining parcels on Elon Drive, offered together to give you room to breathe, grow, and settle in with ease. From the moment you pull up, you'll notice the care poured into this home, starting with the brand‑new front porch added in 2025 — the perfect spot for a rocking chair, a glass of sweet tea, and a quiet evening breeze. Step inside and you're greeted by a freshly painted interior, all‑new flooring, and thoughtful updates that make the home crisp, clean, and move‑in ready. The owners have already done the heavy lifting: new lighting, new ceiling fans, new baseboards and trim, and a new front door that welcomes you with Southern hospitality. The hallway bathroom shines with a new bathtub and surround, and the kitchen features 2023 stainless steel appliances that make cooking a joy. Outdoor access is a breeze thanks to the new back stairs (2024) and new stairs and landing off the laundry room, giving you safe, sturdy entry points no matter where you're headed. Out back, you'll also find a powered storage room on the porch, perfect for tools, hobbies, or a little extra workspace. A separate shed with electric adds even more flexibility for projects, equipment, or weekend tinkering. The property offers the best of both worlds with city water and well water, ideal for everyday living and outdoor needs. This listing includes both 1649 and 1659 Elon Dr, giving buyers a rare chance to secure a spacious setup with future potential. The perk test for 1659 is good through June 2027, offering peace of mind for expansion or additional building plans. The HVAC was serviced in January 2026, and the home comes with a washer and dryer, making the move‑in process even smoother. If you've been looking for a place with charm, updates, and room to grow — all tucked into a quiet Carolina setting — this combined offering is ready to welcome you home!
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.
