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$340,000 SIGNIN

Sign in to see required down payment for the 3.5% rate

1013 Oak Forest Dr NW, Wilson, NC 27896

4 beds · 3 baths · 2,527 sqft

This 4-bedroom, 3-bathroom home is waiting to serve as your new spacious oasis both inside and out. The corner lot boasts a spacious front- and backyard a fenced-in portion and a screened porch ready for relaxing and entertaining. The first floor offers a sizable kitchen with a mix of ample farmhouse-style open shelving and closed cabinetry. A walk-in pantry provides additional storage. The first floor also features two large living areas plus a guest-appropriate bedroom with laundry units, and a bathroom with both hallway and bedroom access. Upstairs, a modest loft awaits, perfect for a reading nook or mini-WFH space. The primary suite features a full bath, two closets plus walk-in attic space suitable for storage accessed through one closet. Two more bedrooms, another full bathroom and two hallway closets round out the upstairs. Already touched up with a few updates while still in need of a little more TLC for you to make it your own, this property is an ideal starter home or investment. Fridge, washer and dryer convey. Owners are selling this property as-is.

Estimated
Seller's interest rate
3.5%
7%
Estimated
Monthly payment

$1,458
$1,858
You may also save up to $119,835 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.


Open house
Apr 19 • 1PM - 3PM
Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,858 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
FHA
Rate
3.5%
Remaining term
25 yrs
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,458
Principal & interest
$970
Mortgage insurance
$153
Property taxes
$168
Home insurance
$167
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
2,527 sqft
Lot size
0.53 acres
Year built
1976
Type
Single Family Residence
HOA dues
$0.00

Source: TRIANGLEMLS #10085660

Qualify

To qualify, you must meet the current FHA or VA 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%. 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.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

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.

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.

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 620, 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.

View all FAQs
Last updated: Apr 16, 2025 07:03 am
Listing agent: Quay Battle (252) 469-3560
Listing provided courtesy of: Better Homes & Gardens Real Es (919) 439-2168
Details provided by TRIANGLEMLS and may not match the public record.
MLS ID: #10085660
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Information Not Guaranteed. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.
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