Don't think you've seen them all yet! Dressed in fresh landscaping and ready to impress, this gem sitting on the Wake Forest/Rolesville line shines in the sea of northern Wake County inventory. Austin Creek has the kind of idyllic appeal that's getting harder to find these days. Your new community should feel like this one: sidewalks, friendly neighbors, parks and open green space (separate playgrounds and dog run), a community pool to enjoy with new friends, and nearly (2) miles of nature trails for residents. You'll love where this home is just as much as the house itself. Inside offers flexibility with both formal & casual living and dining spaces, a first-level 4th bedroom option ideal for short-term guests or remote work, plus another bonus/loft upstairs. Your kitchen is ready for hosting cherished holidays or simply sharing everyday culinary creations with those you love! Enjoy even the warmest days from the comfort of the screened porch, free of insects and full of peace. Upstairs, you'll swoon over another living area/bonus flex space for another household hub. The primary suite is truly a haven with (2) large dressing closets and a gorgeous bath featuring a double basin vanity, large tiled shower, and relaxing tub with chandelier—of course you deserve a fancy soak. Austin Creek sits right on the Wake Forest/Rolesville line—less than 3 miles to either downtown. It's no surprise folks from everywhere in the world are relocating to Wake Forest, NC...Come see what your next chapter could look like at 1808 Austin Ridge!
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.
