Welcome to your own slice of Carolina charm! This inviting Cape-style brick home sits on 1.36 unrestricted acres, and radiates warmth the moment you arrive. Surrounded by mature shade trees on a peaceful country road, this custom-built beauty offers the comfort, space, and style that truly feel like home. Relax on the wide wrap-around porch with rocking chairs and a cozy swing—the perfect spot for lazy afternoons. Bright, Open Living with Custom Details Inside, you'll find vaulted ceilings, exposed timber beams, a brick hearth with gas-log fireplace, leaded glass accents, and gleaming hardwood floors. The updated kitchen features a large island, abundant cabinetry, and plenty of room for gatherings. This well-maintained home includes 3 spacious bedrooms, 2.5 baths, an oversized laundry room, and generous storage. All appliances and a home warranty convey. Recent updates—including a NEW roof and NEW gutters—provide peace of mind for years to come. Detached 1,200 sq. ft. Garage + 250 sq. ft. Heated/Cooled Office Out back is a hobbyist's dream: a 1,200 sq. ft. detached garage/workshop with power and room for projects, tools, equipment, or recreational storage. Attached is a 250 sq. ft. heated and cooled office with a half bath and mini-split system—ideal for remote work, a studio, gym, guest overflow, or private retreat. The property also includes a concrete pad and an additional power hookup that adds flexibility for an RV, mobile home, or other permitted structures. Ideal Location with Small-Town Peace + City Convenience Located in the welcoming town of Vanceboro, you'll enjoy quiet country living with easy access to Washington with beautiful waterfront dining - 20 minutes Historic New Bern -25 minutes Greenville - 25 minutes Local favorites like Yoder's Dutch Pantry, Maple Springs boat ramp on the Neuse River are just minutes away If you've been dreaming of a property that blends space, comfort, and craftsmanship—this is it.
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.
