Welcome to this beautifully maintained one-story home located in the desirable Cypress Acres community of Hope Mills. Offering 4 bedrooms, 3 full bathrooms, plus a versatile flex space, this 2,204 square foot home provides both functionality and comfort with a thoughtfully designed layout.The home features a private in-law style suite on one end with a bedroom, walk-in closet, and full bath. On the opposite side, you’ll find the spacious primary suite complete with a luxury bathroom showcasing a three-head walk-in shower, large soaking tub, dual vanities, and a walk-in closet. Two additional bedrooms and a full hall bath are also located on this side of the home.The main living area features a cozy gas fireplace, while the kitchen offers freshly painted cabinets, a gas stove, pantry, and an updated refrigerator (2025). Just off the living room, a flexible bonus space includes its own dedicated split heat and air unit—perfect for a home office, gym, or additional living area.Recent upgrades include fresh interior paint throughout the home, a new roof and windows (2026), a tankless water heater (2021), and a Generac whole-house generator (2022). The HVAC system, installed in 2018, features a dual fuel propane and heat pump setup, enhanced with an allergen filtration system. The crawlspace was fully encapsulated with a dehumidifier in 2021, and septic lines were replaced in 2020. The tank was pumped in 2026 for added peace of mind.Outside, the property offers unique features including a chicken coop with electric and water, as well as a treehouse equipped with electricity.Situated at the end of a quiet street with no homes in front or on one side, this property offers added privacy. With no HOA or restrictive covenants, this home provides both freedom and flexibility. This one will not last long, get your viewing appt scheduled ASAP!
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.
