Located in the sought-after 55+ community of Forge Creek at Flowers Plantation in Clayton, this beautifully designed home offers space, comfort, and convenience in one of the area's most desirable active adult neighborhoods. The well-planned layout lives primarily on the main floor, offering both functionality and flexibility for everyday living. Inside, soaring ceilings and an open floor plan create a bright, airy feel throughout the main living areas. A charming office just off the foyer provides the perfect work-from-home space. The kitchen anchors the home with granite countertops, stainless steel appliances, a gas range with tile backsplash, a large island, and an oversized pantry for ample storage. The kitchen flows seamlessly into the dining area and family room, creating an ideal space for both everyday living and entertaining. The main-floor primary suite offers privacy and comfort, featuring a massive custom walk-in closet and a beautifully appointed bathroom with a glass-tiled shower and separate water closet. The suite also opens directly onto the expansive screened porch overlooking the large backyard--perfect for morning coffee or relaxed evenings outdoors. Also on the main level, you'll find a convenient laundry room, an additional bedroom, and a full bathroom, providing flexible space for guests. Upstairs, a spacious bonus room offers endless possibilities for movie nights, game days, or a second living area, along with an adjacent bedroom and full bathroom that create a private retreat ideal for visiting family and friends. A two-car garage adds practical storage and parking space, completing the home's thoughtful design. As part of Forge Creek at Flowers Plantation, residents enjoy an active lifestyle with community amenities just one block away, including a park with dog parks, bocce ball courts, a scenic pond, and walking trails. You're also just minutes from Harris Teeter and within walking distance to the Waterfront District!!
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.
