294 N River Rd Camden, NC 27921
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About this home
Tucked away from the hustle and bustle, yet just a short drive to everything you need, this 3-bedroom, 2-bathroom ranch offers the perfect blend of peaceful country living and everyday convenience. Situated on just over an acre, the property provides space to breathe, grow, and enjoy—whether you're entertaining guests or enjoying time at home. Step inside to an inviting open layout designed with comfort and function in mind. High ceilings and a cozy wood stove create a warm, welcoming atmosphere. The easy flow from living to kitchen makes entertaining a breeze, with a formal dining room to add space. Upstairs, a spacious FROG (Finished Room Over Garage) offers the flexibility to create your ideal space—home office, guest suite, playroom, studio, or personal retreat—the choice is yours. Outdoor living is a highlight here. Enjoy evenings by the firepit, summer dinners on the patio, or mornings in your garden. The barn adds even more value—perfect for storage, hobbies, or small livestock. Half the yard is thoughtfully fenced in, providing privacy and room to roam. Features: 3 Bedrooms, 2 Full Bathrooms Versatile FROG (Finished Room Over Garage) High Ceilings & Wood Stove Open Layout with Formal Dining Room Over 1 Acre of Land with Garden Space Firepit & Patio for Outdoor Living Barn for Storage, Hobbies, or More Half-Fenced Yard for Privacy Peaceful Setting with Convenient Access Don't miss this rare opportunity to enjoy space, style, and flexibility in a beautiful rural setting!
Source: NORTHCAROLINAREGIONAL #100536176
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FAQs
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.
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