Welcome to an exceptional private residence where luxury, comfort, and refined living come together seamlessly. Nestled on five serene acres in a peaceful setting just minutes from downtown Chapel Hill and UNC, this remarkable home offers both tranquility and convenience. Designed with both everyday living and grand entertaining in mind, the home features a fully renovated gourmet chef's kitchen (2020) with premium finishes, Dacor appliances, large island, quartz countertops, custom forged cabinet pulls, and a dedicated coffee bar. The open-concept layout flows effortlessly into a dramatic great room with soaring vaulted ceilings and a fireplace, creating an inviting yet sophisticated atmosphere. This home offers five generously sized bedrooms, including a luxurious main-level primary suite, with private access to the hot tub and heated salt water pool, along with four full en-suite baths and two half baths to comfortably accommodate family and guests. Additional living spaces include a finished lower level with a wine cellar, tasting room, exercise room, media and bonus room with a second fireplace, and ample storage. Step outside to your own resort-style retreat--featuring beautifully landscaped gardens, a salt water pool with diving board, and a fire pit perfect for evenings under the stars. Meandering paths and wooded surroundings provide ultimate privacy and a true sense of escape. Additional highlights include a three-car garage, updated roof (2021), fenced garden area, and modern efficiencies such as solar panels and car charging station for enhanced sustainability and reliability. The homes 19 solar panels and two power wall batteries can act as a home generator for off grid use. There is even the ability to export power back to the grid! This is more than a home--it's a lifestyle!
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.
