Welcome to refined country living in the sought-after Woodard Oaks community of Wendell. Nestled on a private 1.27-acre cul-de-sac lot, this stunning craftsman-style residence offers 4 bedrooms, 3 full baths, and over 2,600 square feet of thoughtfully designed living space built for both comfort and elegance. From the moment you step inside, you're welcomed by soaring ceilings, abundant natural light, and elegant finishes that create an inviting atmosphere of comfort and sophisticated style. The open-concept living area is anchored by a beautiful fireplace and flows seamlessly into the designer kitchen, featuring granite countertops, stainless steel appliances, a stylish tile backsplash, and an oversized center island--perfect for entertaining or everyday living. The main-level primary suite serves as a peaceful retreat with a tray ceiling, custom walk-in closet, and spa-inspired bath complete with dual vanities. The first floor also features a private guest bedroom with a full bath, ideal for visitors and multi-generational living. Upstairs, a generous loft, bonus room, full bath, and additional bedroom provide flexible space ideal for guests, a media room, home office, or fitness studio. Step outside to enjoy the fenced backyard designed for outdoor living and entertaining. A custom-built firepit gathering area creates the perfect setting for cozy evenings, weekend get-togethers, and relaxing under the Carolina skies. The covered back porch overlooks the expansive, tree-lined yard, offering both privacy and plenty of room to enjoy the peaceful surroundings. Additional highlights include a two-car garage, modern construction, low HOA dues, and the added benefit of no city taxes--all while being just minutes from shopping, dining, and commuter routes. This exceptional property offers the perfect balance of luxury, space, and serene countryside living.
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.
