Rare Walk-Out Basement Ranch in Planters Walk - Knightdale, Wake County! This beautifully maintained ranch with a walk-out basement offers 2,511 sq ft of versatile living space on .22 acres in desirable Wake County. A rare find in our area, this home is flooded with natural light, offers abundant storage, and still feels warm and inviting with a cozy wood-burning fireplace. Recent updates include a new roof, windows newer appliances, and fresh paint inside and out. The kitchen and bathrooms have been thoughtfully updated, giving the home a modern yet comfortable feel. The HUGE walk-out basement features a private exterior entrance, a half bath (already plumbed for a shower), and flexible space that could easily serve as a 4th bedroom, home office, gym, or bonus room. Unmatched convenience! Located just minutes from Interstate 540 and Interstate 40, commuting is effortless in every direction. Quick access to 540 connects you seamlessly around the Triangle, while I-40 provides a straight shot to Downtown Raleigh (just 8 miles away) and west toward Research Triangle Park (approximately 27 miles). Everyday conveniences are right at your fingertips with Target and The Home Depot within 1 mile, plus dining, grocery, and retail all nearby. Enjoy the Planters Walk lifestyle! Spend warm summer days lounging by the community pool, complete with diving boards and a playground area. Take advantage of the neighborhood's private walking trails that meander throughout the community -- perfect for evening strolls, morning jogs, or simply enjoying the outdoors close to home. Storage shed conveys as-is (not recently used by sellers). Full of character, function, flexibility, and lifestyle -- this one truly checks all the boxes!
708 Beddingfield Dr, Knightdale, NC 27545
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.
