Welcome to 133 Sweetwater Dr., Jacksonville, NC — where the big stuff is already DONE. Let's start with the stars of the show, because they deserve top billing: 
✔️ New roof (2018) 
✔️ New HVAC (2022) That's right — two of the most expensive, stress-inducing home items? Already handled. You're welcome. Now that we can all breathe easier, let's talk about the rest. This 3-bedroom, 2-bath home offers 1,127 sq ft of smart, comfortable living that knows how to pull its weight. You'll find hardwood and laminate flooring throughout, with only one bedroom carpeted, plus brand-new flooring in two of the bedrooms for a fresh, updated feel. The living area brings the charm with built-in shelving and cabinetry that's equal parts cute and useful (the best kind of cute). The galley-style kitchen keeps everything efficient and features stainless steel appliances, and yes — the microwave and stand convey, because this house believes in making life easier. Outside is where this one really shines. A big fenced backyard gives you space to spread out, relax, or let chaos roam freely. There's a back porch perfect for morning coffee or evening unwinding, a small storage shed (not huge, but mighty helpful), and the children's playset conveys, so the backyard is ready for action on day one. Need storage? The one-car garage comes with shelving that conveys, so you can actually park and stay organized (wild concept, I know). All of this is tucked into the adorable Sugar Springs community and super close to New River Air Station, making the commute easy while still feeling like home. 133 Sweetwater Dr. is proof that when the big things are taken care of, the rest just feels right.
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.
