Welcome to this Beautiful UPDATED like new, historic home completely remodeled to the studs in 2021! Priced BELOW tax value! Showings start 2/14! Make your appointment now! Please note, this property is NOT located in a neighborhood, there is NO HOA. Just a few minutes' walk to the downtown area of Benson where you can grab a bite to eat, shop at the local boutiques, or grab a coffee! There are always fun activities and festivals happening several time a year for everyone to enjoy, just a few blocks away. This century-old home offers timeless character with the confidence of modern updates. **According to Johnston County tax records, the home is assessed as having an effective age of 2005, reflecting the extensive renovations and system upgrades completed throughout the property. During the 2021 remodel, all major systems were replaced, including plumbing with sewer connection to the street, electrical all throughout home, HVAC, roof, insulation, windows, sheetrock, paint, flooring, and so much more!! Original architectural features were carefully preserved, including tongue-and-groove ceilings, hardwood floors, mantels, fireplaces (non working and capped), crown molding, baseboards, and door trim, with plantation shutters enhancing the home's classic appeal throughout. The main level features two spacious en suite bedrooms, including a primary suite with a corner soaking tub, marble-topped vanities, a large walk-in shower, and private access to both a SUNROOM and an OFFICE. The second en suite includes a beautifully restored original clawfoot tub. New Ecobee thermostats installed downstairs and upstairs. Upstairs, two generously sized bedrooms and a full spacious bathroom! The bright and expansive kitchen offers plenty of storage, fireplace mantel gives that old home historic feel, granite countertops, upgraded LG appliances (2022), Kitchen light w/ hidden ceiling fan blades (2024), (see remote on kitchen counter) Top line soft-close cabinets and drawers, and ample storage for everyday living and entertaining. Don't miss the laundry room with cabinets for storage and tiled floor. Outdoor living includes a flat lot, wraparound porch, a fenced backyard installed 2023, a working hot tub (2023) with extra supports underneath deck (professionally added), and a storage shed (2022) that conveys. Recent additions include gutter guards and an attic fan. Extended driveway is situated for a garage to be added in front of privacy fence at the end of driveway.
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.
