2.75% Assumable Interest Rate!! Nestled within the gated community of Anderson Creek Club, this exceptional 5-bedroom, 3-bath home has the perfect blend of luxury, comfort, and resort-style living. The HOA fee includes internet, and residents enjoy 24-hour manned gate access, Anderson Creek Charter School, along with an array of community amenities including pools & splashpad, playgrounds, golf course, community inn and restaurant, scenic nature trails, ponds, pickleball, tennis courts, fitness center, fishing and more. Inside, the thoughtfully designed open floor plan is ideal for everyday living and entertaining. The spacious kitchen completely open to the living room features stainless steel appliances, abundant counter space, a large pantry, and flows seamlessly into the breakfast nook. A formal dining room adds elegance for gatherings. Find a first-floor bedroom with a full bathroom convenient for guests or an office space. Upstairs, is a massive loft, the oversized primary suite with a walk-in closet, double vanity, tiled shower, and relaxing soaker tub. Three additional guest bedrooms also await with walk-in closets, and ample space to decorate and get cozy. The versatile third-floor space is fully finished and can serve as an entertainment room, recreation area, private guest suite, or additional bedroom, all while offering generous storage. Step outside to enjoy the screened-in porch overlooking the fully fenced backyard with wrought iron fencing. Explore the outdoors by exiting the rear of the fence. This home combines upscale finishes, functional living spaces, and unmatched community amenities. It is conveniently located near the back access gate saving over 10 min drive to the main gate. Need to travel to Fort Bragg? Too easy, this home is approx. 22 mins from an access gate! The bus stop is a quick walk away allowing you to see your kids safely board. Recent updates are freshly painted walls, HVAC 2022, HVAC, 2023, and complete third floor!! This is the place you want to call home!!
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.
