Featuring two separate parcels and homes, 2805 NC HWY 9 is perfectly suited for multi-generational living, rental income, or a private guest retreat. This 8.54-acre mountain-view, riverfront property, once a flower farm, offers a rare opportunity with history, flexibility, and income potential. It is ideally located equidistant just 15 minutes from Black Mountain and Fairview, with approximately 1,000 linear feet of Broad River frontage. The custom-built main residence offers spacious, single-level living with a thoughtful layout and timeless character. A vaulted clerestory living and dining area feels both expansive and inviting, anchored by a stone fireplace and a modern farmhouse kitchen designed for gathering. A wraparound deck captures sweeping river, meadow and mountain views. A private parlor with pocket doors offers flexibility for a library, office, or den. The en-suite primary bedroom enjoys serene meadow, mountain, and river views, along with a walk-in closet ready for customization and generous walk-in tile shower. Continue through the mudroom and laundry area along the back of the home to two additional light-filled bedrooms with a Jack-and-Jill bath. The second home, a charming cabin, greets you with a welcoming covered porch perfect for grilling, chilling, planting or taking in the mountain views. Fully self-sufficient and ideal for guests or rental use, its open layout is anchored by a functioning antique woodstove, and an open living, dining and kitchen area. Two comfortable bedrooms share an updated bath with on demand hot water. Currently a workshop, a versatile former bathhouse adds even more potential, with two separate sides, as well as a mechanical room and covered workspace/tractor parking area or future goat home. The space could be reimagined as a studio, workshop, or restored to its original use. With more than 3,800 sq ft of combined living space, nearly 1,200 sq ft of covered decking with an outdoor fireplace, established garden areas, a chicken trailer, and an additional storage trailer, 2805 NC 9 Highway is a one-of-a-kind property ready to make your homestead dreams come true.
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.
