1309 Wakefield Farm Rd, Zebulon, NC 27597
3 beds · 3 baths · 2,835 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Tucked away on a quiet road in Zebulon, 1309 Wakefield Farm Rd offers a rare chance to own a one-owner custom home on a peaceful, wooded 1.29-acre lot—just inside town limits in the desirable Wakefield Meadows subdivision, with no homeowners association to limit your lifestyle. But what truly sets this property apart is the financing opportunity: an assumable mortgage with a 2.875% Annual Percentage Rate (APR) through Planet Home Lending. The current principal balance makes up the vast majority of the listing price, giving qualified buyers the chance to step into a historically low interest rate in today's market. Buyers must contact Planet Home Lending directly to determine eligibility and the steps to assume the loan. As you arrive, the blend of Hardie Plank siding and brick, along with the architectural shingle roof installed in 2019, gives the home timeless curb appeal. A side-entry garage, concrete driveway, and covered front porch welcome you to a home designed with both function and charm in mind. Inside, the layout opens to over 2,800 square feet of living space. The soaring two-story brick fireplace is the centerpiece of the vaulted family room, creating a warm, open gathering space filled with natural light. Double French doors lead from the living area to a large back deck, perfect for entertaining or enjoying a quiet morning surrounded by mature hardwoods and flowering trees. The kitchen is both functional and inviting, with granite countertops, stainless steel appliances, a built-in island cooktop with retractable downdraft hood, a built-in oven and microwave, and a breakfast area surrounded by windows and a sliding glass door overlooking the wooded backyard. Adjacent to the kitchen, a formal dining room offers the perfect setting for hosting guests or holiday meals. The primary bedroom is located on the main floor and features a walk-in closet, a whirlpool tub, a separate walk-in shower, and a double vanity. Upstairs you'll find two more bedrooms, a full bath, and a dedicated office that also works well as a guest bedroom or flexible living space. A walk-in attic provides additional storage and future potential. Throughout the home, you'll find hardwood floors, ceramic tile, and carpet, along with thoughtful architectural details like tray ceilings, smooth ceilings, recessed lighting, and ceiling fans. The home is equipped with dual-zone electric heat pumps, electric water heaters, and a propane fireplace with gas logs. It sits on a raised foundation with a crawlspace and operates on well water and a septic system—offering self-sufficiency and reduced monthly utility costs. While the home has been well-loved, it does need renovation and updating. The seller is providing recent pre-listing inspection reports, disclosing all known issues to help buyers move forward with confidence. The home is being offered at a listing price that reflects its current condition, making this a smart opportunity for someone ready to create long-term value through thoughtful improvements. This is more than a home—it's a rare blend of financial opportunity, location, and potential. If you're looking for a property where you can build equity, secure low-interest financing, and enjoy the beauty of a wooded retreat in Wakefield Meadows, this could be your next chapter.
Source: TRIANGLEMLS #10086877
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.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: TRIANGLEMLS #10086877
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.
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.