1350 Butterwood Cir
Fayetteville, NC 28314
$285,000

$1,069/mo at 6.15%
This home comes with a lower rate
About this home

Beautiful Ranch style home in Farmington Subdivision 3 bedrooms, 2 baths. This house offers an inviting large front porch. Step inside to find custom tile flooring throughout the main living areas, offering both durability, easy maintenance and carpet in all bedrooms for added comfort. The foyer opens to a formal dining room and into spacious living room with a fireplace that makes the whole space feel warm and cozy. The updated kitchen offers customs cabinets, plenty of space, with granite countertops, stainless steel appliances. The Master bedroom features a private ensuite bathroom with granite and generous closet space, while two additional bedrooms provide flexibility for guest, a home office for a growing family. Enjoy quiet morning or evening on the patio overlooking the fully fenced backyard and tree house perfect for children. Located just minutes from shopping, dining, schools, and easy commute to Fort Bragg, this home combines comfort, functionality and location. Don't miss the opportunity to make it yours

Home features
3 bedroom
2 bathroom
1,510 sqft
--
Built in 1994
Single Family
2-car garage
Fireplace
See your savings
Interest rate
6.15% 2.48%
Monthly total
$1,069 $974
Loan term
9 y 7 mo

Lifetime savings
$10,833
Neighborhood
FAQ

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.

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Last updated: Jan 31, 2026 04:00 pm
Listing agent: CLEOFE WARTHON (910) 964-5290
Listing provided courtesy of: COLDWELL BANKER ADVANTAGE - FAYETTEVILLE, (910) 483-5353
Details provided by TRIANGLEMLS and may not match the public record.
MLS ID: #LP755895
Payment calculations are estimates and exact amounts will be confirmed by your agent.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Information Not Guaranteed. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
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