Some homes are just houses... but not here. You'll have exactly the lifestyle and location you deserve with 907 Broad Street West in Wilson, NC. Located in the sought after Broad-Kenan Streets Historic District, this over 1,800 sq ft one-story bungalow offers 3 bedrooms, 2 full bathrooms, timeless craftsmanship, and the kind of warmth and character that's hard to find today. Homes like this were simply built differently--with oversized rooms, tall ceilings, gorgeous hardwood floors, original wood trim, multiple fireplaces, and oversized windows pouring in natural light throughout. From the fully wrapped front porch to the original details inside, this home beautifully blends historic charm with modern convenience. The kitchen was designed for the way we live today, featuring modern cabinetry, a large island, two pantries, and space that functions for everyday life. Additional practical features include a mudroom, two water heaters (one tankless), vinyl siding for easy maintenance and peace of mind, a gas pack that's only 5 years old, an estimated roof at 8 years old, a large deck, fenced backyard, and a storage shed with lean-to--giving you room for hobbies, entertaining, and everything in between. Located near downtown Wilson and Barton College, this home places you close to the heart of Wilson's growing downtown scene--just minutes from the Wilson Warbirds Minor League Baseball team, the iconic Whirligig Sculpture Park, local restaurants, shopping, sidewalks, and community events that make this area such a special place to live. You'll also enjoy nearby Lake Wilson, offering fishing, boating, walking trails, disc golf, and outdoor recreation throughout the year. Plus, when you're ready for a weekend getaway, Emerald Isle and Wrightsville Beach are just about two hours away. Because homes like this aren't just about square footage... they're about finding a place where you can put down roots. 907 Broad Street is available again through no fault of the seller or the home. The previous buyer's financing unexpectedly fell through, creating a second chance for someone else to make this beautiful property their own. This home captured a buyer's attention quickly the first time around—and now it's ready for its next owner.
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.
