Gorgeous luxury golf course townhome on the 1st fairway at popular Club Villas of TPC Wakefield! This light-filled and spacious property lives like a single family home and features many updates and improvements, including a sleek chef's kitchen with quartz counters and stainless appliances, new interior paint in a neutral palatte, beautiful hardwoods on main level and professionally cleaned newer carpeting on upper level. New gas water heater Jan 2025. Electrical panel upgraded in 2020. Formal yet comfortable living and dining rooms, large cased windows, generous moldings and high ceilings, along with a curved staircase with gleaming ebony rails greet you upon entering this elegant home. The spacious family room boasts new window blinds, protective sun film, and an adjacent breakfast area overlooking the expansive rear deck with golf course views. A first floor flex room is tucked away on the main level and currently functions as a home office, but can also serve as an additional bedroom, and offers an adjacent half bath. Ascend to the upper level and discover a grand primary suite with spacious sitting area and premium course views, fabulous custom-organized closets and an updated luxe bath. Two additional bedrooms on the second level each have walk-in closets and share an adjoining bath. The large bonus room features a full bath and can function as a 4th/5th bedroom, and offers a secondary staircase with motorized stair lift. A two-car attached garage, main level laundry room and drop zone convenient to the kitchen complete this luxury townhome. With abundant shopping, entertainment, healthcare and schools nearby, and proximity to RTP, RDU airport, US1, Hwy 98, I-540, and I-440, this home truly offers everything you need! Wakefield golf and social memberships available for additional fees. https://www.ccwakefieldplantation.com/membership
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.
