Stunning ranch-style cabin on 1.33 usable private acres, built just 4 years ago, offering modern design, wooded privacy, and off-grid living potential, with NO HOA! Enjoy a bright open-concept layout featuring custom paint design, hand-rubbed wide-plank wood flooring, and a standout kitchen with white cabinetry, bar seating, and a stylish dry bar. The living room showcases a striking fireplace and vaulted ceilings that continue into the bedrooms, enhancing the home’s spacious feel. The primary suite offers a walk-in shower, oversized vanity, and direct access to a covered deck overlooking the forest—also accessible from the living room and secondary bedrooms. Just outside, unwind in your Jacuzzi-brand hot tub off the owner’s suite, creating a true private retreat. Designed with wellness in mind, the home includes yearly duct cleaning, moisture and mold-preventative crawlspace treatment, and upgraded Pella windows for efficiency and comfort. The land is equally impressive with mature black walnut trees, a natural spring bubbling up and feeding a small creek, a thriving herb garden with rosemary, Thai basil, lemon balm, peppermint, spearmint, and more. Outdoor living shines with a wraparound porch, covered walkway, and firepit area. A standout feature is the drive-through RV pavilion with a 12-ft ceiling, recessed lighting, and 50/30 amp hookups, plus an adjacent storage shed for recreational equipment, tools, or lake gear. There’s ample space to add a tiny home, guest cottage, or additional storage, making this property versatile for personal use or investment. Located just 30 minutes to Blue Ridge, Murphy, NC, and Lake Chatuge, and only 5 minutes to public access at Nottely Lake for boating, swimming, and recreation. Whether you're looking for a full-time residence, weekend escape, or income-producing property, this one checks every box!
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.
