A $40,000+ price reduction!!! Can you say motivated? Bring us an offer today, before this hidden gem gets taken like the Easter eggs this weekend. This is a solid home in an increasingly hard-to-find price range for buyers who value craftsmanship, character, and a fantastic neighborhood setting. The private, wooded lot provides a peaceful escape, giving you space and serenity that’s hard to find—without the crowded feel of typical tract developments but steps and minutes to everything Waynesville. With a little love and TLC, this home truly has everything a homeowner could want. The classic cottage among the trees is a must-see—and a rare opportunity for buyers seeking character, quality, and location. Located in the highly desirable Waynesville Inn & Golf Club neighborhood, 233 Rolling Drive offers charm, space, and endless potential. The motivated seller invites you to bring your vision and make this solid, well-built home your own. This 2BD/3BA home features hardwood floors throughout, two stunning stone fireplaces, sun-filled rooms, and a front bay window showcasing mountain views. With nearly 2,000 square feet, including a finished lower level perfect for flex space, a home office, guest suite, or recreation area, this home offers versatility for a primary residence, seasonal retreat, or investment (short-term rentals are allowed). Step outside to enjoy a one-car detached garage, charming stone steps, and a quaint patio landing—ideal for summer cookouts or crisp fall evenings. Perfectly positioned, you’re just minutes to downtown Waynesville, Hazelwood Village, local shops, and grocery stores—and only steps from the Waynesville Inn & Golf Club. Enjoy convenience without sacrificing privacy or charm. Opportunities like this don’t come along often—schedule your showing today and imagine the possibilities!
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.
