This ''Like-New'' Home is move-in ready just in time for Christmas! Step inside to an open floor plan filled with natural light, contemporary design, Eco-boost thermostat to provide efficiency and modern features. The spacious kitchen displays a large island with outlets for ease during meal prepping, An Abundance of cabinets offering perfect storage throughout. Stainless steel appliances, built in pantry and a dedicated built-in counter area, perfect for your private coffee/wet bar. Just off the kitchen is a generous size laundry room great for everyday convenience. The primary suite is spacious and tucked away for ample privacy from the rest of the home. Inside the Primary bathroom you are welcomed with a cozy spa feel complete with a relaxing soaking tub, double vanities and Two large closets!!! Two additional spacious bedrooms and full size bathroom await at the opposite end of this floor plan. Out back is your own private scape—an expansive deck perfect for grilling, gathering, or relaxing under the stars. A hot tub hook-up is already installed, offering future possibilities. Just off the deck, you'll love cooling off in the above-ground pool during warm summer days. Enjoy the wildlife that country living allows while relaxing at the end of your day.The open yard provides endless possibilities for gardening, play areas, or simply enjoying the peaceful views. Also outback is a powered shed ready for lawn tools, hobbies, or extra storage. The Mature natural buffer of nature alines the property, providing privacy, shade, and the charm of rural living. With plenty of parking and no HOA, you truly have the freedom to make this property your own. Located Just minutes from theOuter Banks, schools, restaurants and our local winery. If you've been searching for a move-in-ready home that offers comfort, privacy, and the best of country living—this is it! Call today to schedule your tour of this like-new home!
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.
