Step into the perfect blend of historic character and modern comfort in this beautifully restored Benson home, completely rebuilt to the studs in 2021. Every inch has been carefully reimagined to preserve its original charm while delivering the reliability and efficiency today's buyers expect. Behind the walls, everything is new--plumbing (including connection to the street), electrical, HVAC, roof, insulation, windows, sheetrock, flooring, and more--offering true peace of mind without sacrificing personality. Original features shine throughout, including tongue-and-groove ceilings, rich hardwood floors, detailed crown molding, classic fireplaces with historic mantels, and original door trim. Plantation shutters add a warm Southern touch, creating a home that feels both timeless and inviting. The main level offers two spacious en-suite bedrooms, including a stunning primary suite with a soaking tub, marble-topped vanities, oversized walk-in shower, and private access to a sunroom and dedicated office--perfect for both relaxing and working from home. The secondary suite features a beautifully restored clawfoot tub, adding to the home's historic appeal. Upstairs, you'll find two additional generously sized bedrooms and a full bath, providing flexible space for guests, family, or hobbies. The bright, open kitchen is both functional and full of character, featuring granite countertops, upgraded LG appliances (2022), soft-close cabinetry, and a unique preserved mantel detail that ties the home's history into everyday living. A hidden-blade ceiling fan (2024) adds a sleek, modern touch. Additional upgrades include Ecobee smart thermostats on both levels, a spacious laundry room with storage and tile flooring, attic fan, and gutter guards. Outside, enjoy a flat lot with a welcoming wraparound porch, fenced backyard (2023), working hot tub (2023) with reinforced deck, storage shed (2022), and an extended driveway with room to add a future garage. All of this just a short walk to downtown Benson, where you can enjoy local dining, coffee shops, boutiques, and year-round community events. No HOA. No neighborhood restrictions. Just character, convenience, and modern peace of mind. Per Johnston County tax records, the home reflects an effective age of 2005 due to its extensive renovation and system updates.
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.
