Intentional living meets everyday comfort on 2.04 private, wooded acres in Greenwood. This high-performance, green-built home sits within a sustainably planned 10-home community bordered by 13 acres of Buncombe County conservation greenway. Step outside to mature tree canopy, birdsong, and the kind of quiet that makes you forget you're just minutes from downtown Asheville. Built in 2014 by Southlight Builders with 2x6 construction, a sealed building envelope, extra insulation, and triple-paned windows and doors throughout, this 3-bedroom, 2.5-bath, three-level home was designed to perform. Monthly utilities $25–$35. Twelve integrated energy systems work together to keep operating costs near zero. Twenty roof-mounted solar panels provide 50–100% of the home's electricity through net metering. A water-sourced, open-loop geothermal heat pump handles heating and cooling using about a third of the electricity of a standard HVAC system. Heat recovery ventilation serves the kitchen and bathrooms, while a destratification system maintains even temperatures across all three floors. A whole house fan, hybrid hot water heater, passive solar orientation, Energy Star appliances, induction stovetop, LED/CFL lighting, and a 240V EV charging line in the garage complete the package. Private well and septic mean no monthly water or sewer bills. Greenwood's $500/year HOA covers the paved private road and contracted snow removal when winter arrives. But the numbers are only half the story. This is a home built for slow mornings on the porch, evening fires under the trees, and weekends where you never need to leave — unless downtown's restaurants and galleries are calling, just a short drive away. The wooded lot offers natural privacy and direct trail access to the adjacent conservation greenway.
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.
