Tucked away in the quiet of the mountains, 256 Inglewood Cove Rd is the kind of place that feels like you can finally exhale. Private, peaceful, and surrounded by nature, yet still close enough to town that you’re not giving up convenience to get it. One of the first things you notice is how much care has gone into the land itself. What used to feel like raw mountain ground has been thoughtfully transformed with extensive landscaping, creating usable outdoor space and a true yard where there wasn’t one before. It completely changes how the property lives… more room to gather, relax, and actually enjoy being outside. Inside, the home has been thoughtfully updated where it counts. Fixtures in the kitchen, bathrooms, and dining area have all been refreshed, giving the space a clean, cohesive feel while still keeping its warmth. The primary bedroom also offers a standout feature with a flex space that’s been converted into a dedicated office—perfect for working from home, a quiet retreat, or even a creative space without sacrificing bedroom comfort. The location hits that sweet spot. You feel tucked away, but you’re only about 10 minutes to both Waynesville and Maggie Valley—close enough for dinner, groceries, or a quick run into town without thinking twice. Asheville is still an easy drive when you want more options, but day-to-day life stays simple and convenient. There’s ample parking (a rare win in the mountains), and the acreage gives you room to breathe. With the amount of land, there’s also potential for an additional build site, whether that’s future expansion, a guest home, or long-term investment. The HOA is light and practical, and road maintenance—including snow removal—is handled well, which makes a big difference when winter rolls in. This is one of those properties that doesn’t just check boxes, it changes how you live. Quiet when you want it, close when you need it, and full of potential for whatever comes next. Zillow states this is in a flood zone but it isnt. The current owner does not have to hold flood insurance.
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.
