Set on a picturesque corner lot in one of Raleigh's most treasured neighborhoods, 2701 Van Dyke is a residence of rare character and enduring appeal. Blending the architectural charm with thoughtful modern updates, this Forest Hills gem offers a lifestyle that feels both elevated and deeply welcoming. Rich hardwood floors, abundant natural light, and beautifully proportioned living spaces create a sense of warmth and authenticity, while every room reflects the care and craftsmanship that have made this home truly special. The beautifully updated kitchen combines style and function with granite countertops, custom ceiling-height solid wood cabinetry, KitchenAid appliances, and a sunlit breakfast nook framed by an oversized window—an ideal spot to enjoy morning coffee or unwind with a good book. Designed for both entertaining and everyday living, the dining room - currently reimagined as a music room - lends a sense of occasion to everyday living. The spacious living room is anchored by a striking stone fireplace and enhanced by picture windows and built-in bookshelves that highlight the home's enduring character. Cedar-lined closets and other quality details reflect the craftsmanship found throughout. A versatile floor plan accommodates a variety of lifestyles. The main level features three bedrooms and two full baths, including a secondary suite with an ensuite bath currently used as a den with an adjoining sitting room overlooking the gardens. Upstairs, a loft-style retreat with a full bath offers endless possibilities as a primary suite, guest quarters, home office, studio, or playroom. The expansive basement adds more than 1,100 square feet of flexible space, ideal for a workshop, fitness area, creative studio, hobby haven, future finished living space, or garage parking with exterior access. An adjoining private driveway further enhances the property's adaptability. Outside, mature landscaping creates a serene, park-like setting highlighted by stunning Japanese maples, camellias, and thoughtfully curated plantings. A pergola-covered stone patio provides an inviting backdrop for entertaining, gardening, or peaceful evenings outdoors. Meticulously maintained and thoughtfully improved, the home features an updated roof, gutters, and windows (2016), Hardie Plank siding, a renovated and expanded bath, a refreshed mudroom, updated exterior storm doors, and dual HVAC systems (2017 - 2019). Smart-home enhancements, including app-controlled blinds, Bluetooth-enabled exterior lighting, and a smart thermostat, add modern convenience. Ideally located just moments from the Raleigh Rose Garden, Isabella Cannon Park, Village District, NC State University, and many of Raleigh's favorite restaurants, shops, and green spaces, this home offers an exceptional lifestyle in one of the city's most cherished neighborhoods. It is also within walking distance of Fred Olds Elementary, Martin Magnet Middle School, and Broughton IB High School. Rarely does a home offer this combination of character, flexibility, thoughtful updates, and an iconic location. Discover the enduring appeal of Forest Hills and experience everything that makes 2701 Van Dyke truly special.
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.
