Charming home in Bent Tree offering a spacious and thoughtfully designed floor plan in a highly convenient location! Step inside to find luxury vinyl flooring in the main living areas and new carpet throughout. A beautifully appointed kitchen featuring stainless steel appliances, along with granite countertops, a center island with bar seating, tile backsplash, crowned cabinetry, recessed lighting, and two pantries for ample storage. A door from the kitchen leads directly to the screened porch, creating an easy flow for indoor-outdoor living. The dining room is enhanced with crown molding and wainscoting, providing an elegant setting for gatherings, while the family room offers a warm and inviting space with a gas fireplace, flanked by built-in bookcases and a wall of windows that fills the home with natural light. The main floor also includes a convenient mudroom with drop zone and a guest bedroom with access to a full hall bath, ideal for visitors or multi-generational living. Upstairs, the owners suite serves as a private retreat with a walk-in closet and a well-appointed en-suite bath featuring a double vanity, garden tub, walk-in shower, and water closet. The second floor continues with three additional bedrooms, a full hall bath, a spacious loft, and a conveniently located laundry room. Enjoy outdoor living with a screened porch, patio, and fenced backyard, along with a covered front porch and attached garage. Residents of Bent Tree also have access to a community pool, and the home is ideally located near Fleming Loop Recreational Park, as well as shopping and dining in downtown Fuquay-Varina, with easy access to Judd Parkway, US-401, Hwy 55, and the Triangle Expressway for commuting.
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.
