Welcome to Regal Pond, where peaceful waterfront living meets everyday comfort. Situated on a spacious .75-acre lot, this 4-bedroom, 3-bath home offers room to spread out inside and out, with a setting that is hard to find. Enjoy the rare luxury of direct water access right from your own backyard! Inside, you'll find a thoughtfully designed layout that offers space and privacy. Just off the entry are two bedrooms and a full bath, creating flexible options for guests, a home office, or additional living needs. The home then opens into the kitchen and main living area, creating a central gathering space with views of the backyard and water beyond. The primary suite is tucked away at the back corner of the home, offering separation from the secondary bedrooms and peaceful water views. Upstairs, you'll find an additional bedroom with full bath, along with a spacious bonus room and loft area, providing versatile space for a media room, office, hobby area, fitness space, or additional lounge area. Step outside to enjoy the fenced backyard, which is currently a blank canvas, perfect for entertaining, outdoor activities, pets, or creating a garden. Relax year-round on the screened porch, with an open area off to the side ideal for grilling, gathering, or enjoying the peaceful surroundings. Under the porch, a former chicken coop offers an opportunity that could be refreshed for new hens. With plenty of outdoor space, there is ample room for hobbies such as gardening, beekeeping, or creating your own backyard retreat. Beyond the fenced yard, enjoy additional outdoor space near the water featuring an area for chairs, a fire pit, and tree swing, creating the perfect setting to unwind and relax. Launch a kayak or paddle board, spend the afternoon fishing, enjoy water views, or take an evening stroll right from your own yard. This home also includes solar panels at no extra cost to the buyer, adding energy efficiency and potential utility savings, along with blown-in insulation in the walk-up attic space, ideal for storage. Located in the Regal Pond subdivision, this home offers the charm of quiet neighborhood living away from the hustle and bustle, while still being conveniently located minutes to Downtown Angier and approximately 35 minutes to Downtown Raleigh. A rare combination of land, water access, privacy, efficiency, and everyday convenience.
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.
