*Seller now offering $5,000 in closing costs for buyer to use how they please & Home warranty! This beautifully maintained single-story 3-bedroom, 2-bath home located in the Pinnacle section of Seven Lakes West, a private, gated lake community offering an exceptional lifestyle. Nestled in a quiet cul-de-sac, this home offers casual, low-maintenance living with modern comforts throughout, new Quartz Counter tops, New LG French door stainless steel refrigerator, New Stainless built-in microwave & eat in kitchen seating for 2. This home includes luxury vinyl plank flooring—no carpet, an inviting wood burning fireplace, a light-filled sunroom with double French glass doors, and a spacious rear deck perfect for relaxing or entertaining. Primary bedroom has en-suite bathroom with shower, dual vanity and jetted garden tub. The 3rd bedrooms closet has been transformed to add primary closet space so this home is more set up as a 2 bedroom with an office/study to maximize owners closet! This is the only home in the Pinnacle that includes a large unfinished basement, offering generous storage or the potential to expand your living space, home gym, or workshop for a hobbyist. The Pinnacle HOA covers all exterior landscaping which makes life easier and more time to enjoy what the community has to offer. Seven Lakes West features Lake Auman as its stunning centerpiece, offering endless opportunities for outdoor recreation. Residents enjoy access to a private marina, clubhouse, beach area, picnic spots, playground, RV/boat storage, tennis courts, Pickle ball courts and scenic walking trails. Whether you're into boating, kayaking, swimming, or simply enjoying the lake views, there's something for everyone. Don't miss your chance to enjoy lake life with all the comforts of home— 12 minutes to First Health Pinehurst, 15 minutes to Pinehurst resort and the Village of Pinehurst. 1 hour to RDU & 50 minutes to Ft. Bragg, 25 minutes to Camp Mackall
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.
