Welcome to an exceptional luxury townhome enviably positioned on the first fairway of TPC Wakefield, offering sweeping golf course views and an elevated lifestyle in one of the area's most desirable communities. This beautifully maintained home features classic finishes, a refreshed kitchen with elegant quartz countertops and stainless appliances, and abundant space for both everyday living and entertaining. Refinished hardwoods, tall ceilings and generous moldings add warmth and charm, and the feel of a single-family home. Enjoy the versatility of dual dining areas - ideal for formal gatherings or casual meals, a spacious family room along with formal living area, as well as a main-level flex room that can serve as a home office, library, or guest space. The stately primary suite serves as a private retreat, complete with a sitting area, updated bath, custom closets, and serene views overlooking the course. A secondary staircase leads to an expansive bonus room or optional bedroom with its own ensuite bath - perfect for guests or multi-generational living. Two additional bedrooms share an adjoining bath and feature walk-in closets, providing plenty of room for family or guests. Step outside to an expansive deck that captures picturesque fairway views, creating the perfect setting for relaxing evenings or hosting friends. Additional highlights include a brand-new roof, one-year-new hot water heater, upgraded electrical panel, transferrable home warranty, and the rare potential to assume a low-interest VA loan for qualified buyers. Residents of CC at Wakefield Plantation enjoy access to outstanding community amenities with available memberships, including reciprocity with seventeen premier O'Connell Golf properties across four states, as well as pool and tennis privileges, dining, fitness and social events. Learn more at https://www.ccwakefieldplantation.com/. Ideally located near top-rated schools, the Kerr Family YMCA, abundant shopping and dining, Research Triangle Park and RDU Airport, this home offers both luxury and convenience in equal measure. Experience golf course living at its finest - schedule your private tour today.
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.
