Updated, move-in-ready townhome in Southern Pines offering a low-maintenance lifestyle and exceptional access to the Sandhills. 114 Cypress Creek Circle is ideally located just minutes from downtown Southern Pines, Aberdeen shopping and dining, and approximately 10 minutes from historic Pinehurst. With easy access to Fort Bragg and major routes, this location supports convenient daily commuting and weekend enjoyment alike. Inside, recent updates create a clean, modern living environment designed for comfort and ease. The kitchen has been refreshed with a new oven, while updated bathrooms add to the home's turnkey appeal. Solid hardwood floors anchor the main level, and durable luxury vinyl plank flooring on the stairs and upper level provides an attractive, low-maintenance finish. The upper level features an open landing overlooking the living space below, enhancing natural light and flow. Eight-foot ceilings on both levels contribute to a bright, airy atmosphere throughout the home. A decorative chimney-style feature adds character to the living area and offers flexibility for the addition of an electric or ethanol fireplace, allowing future owners to tailor the space for warmth and ambiance. Recently installed ceiling fans throughout the home improve comfort and efficiency, complemented by a new A/C system installed in 2023. The primary suite includes a renovated spa-style bathroom with a fully tiled shower, premium multi-function shower system, and a high-end anti-fog LED vanity mirror, which is also featured in the half bath. Additional highlights include a move-in-ready interior and an existing alarm system ready for activation with the provider of your choice. With modern updates, flexible living spaces, and a prime Southern Pines location close to shopping, dining, and regional attractions, 114 Cypress Creek Circle presents a strong opportunity for buyers seeking comfort, convenience, and long-term value. Schedule your showing today.
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.
