Tucked quietly at the end of the street, this charming ranch invites you to slow down and settle in with the ease of one-level living. Set on a generous .68-acre lot that borders a picturesque and private family farm, everyday life here comes with peaceful views of grazing cows, donkeys, and a serene pond just beyond your backyard. Step inside and you'll immediately feel the meticulous care this home received and the thoughtfully prepared touches for its next owner, including paint touch-ups throughout and brand-new carpet in every bedroom--making it truly move-in ready. At the heart of this home, the expansive kitchen features an oversized eat-at island with ample cabinet space and inviting, open-concept design. Just outside, the backyard extends your living space even further with a screened-in porch and expanded patio shaded by a beautiful pergola. This space perfectly sets the stage for relaxing evenings, weekend cookouts, and entertaining under the stars--complete with outdoor speakers! There's even room to add a hot tub to create your own private retreat. The sellers initially had the concrete laid and leveled in preparation for this. One of the many unique highlights of this home is the spacious primary bathroom featuring a large soaking tub perfectly positioned for unwinding while taking in the tranquil farm views next door. Also, storage is abundant throughout the home, with plenty of closet space to keep everything organized. Beyond the beauty, this home offers smart updates and energy efficiency. The roof and HVAC are 2019, with consistent annual servicing and a transferable maintenance agreement - just recently renewed. In addition, the solar panels provide ongoing energy savings, adding long-term value and sustainability. The flat driveway and yard make everyday living easy, and the location strikes the perfect balance--just minutes from downtown Fuquay-Varina and everyday conveniences like Target, yet tucked away enough to enjoy lower Harnett County taxes. Plus, Northwest Harnett Elementary is less than five minutes away! This is more than a home--it's a lifestyle of comfort, convenience, and quiet countryside charm.
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.
