1013 Oak Forest Dr NW, Wilson, NC 27896
4 beds · 3 baths · 2,527 sqft
Get a free consultation call with an expert in the mortgage assumption process.
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.
Source: TRIANGLEMLS #10085660
Source: TRIANGLEMLS #10085660
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.