Welcome to 1908 Abniki Dr, a 4 bedroom, 3 bathroom home with a dedicated office and spacious bonus room located in Fuquay Varina. With thoughtful design, modern finishes, and flexible living spaces, this home perfectly blends comfort and functionality. Step inside to a bright and elegant foyer with custom wainscoting and soaring ceilings, creating a welcoming first impression. The open floor plan flows into the main living area, where you'll find a stunning family room with vaulted ceilings, large windows, and fireplace. The gourmet kitchen is ideal for both everyday living and entertaining, featuring: A large center island with seating Granite countertops Stainless steel appliances White cabinetry with abundant storage Pendant lighting Seamless connection to the dining area filled with natural light One of the standout features of this home is the main-level primary suite, offering privacy and comfort with a spacious bedroom, dual vanity bathroom, and a large walk-in closet. Also located on the first floor is a guest bedroom and full bathroom, making it ideal for visitors or multi-generational living. Upstairs you'll find: Two additional bedrooms A large bonus room perfect for a media room, playroom, or second living area Flexible space for hobbies, fitness, or entertainment The home also features a dedicated office, ideal for remote work or study. Enjoy relaxing evenings on the screened-in porch, a perfect spot to unwind while overlooking the neighborhood. Nearby attractions include: • Downtown Fuquay Varina - known for its charming shops, breweries, coffee spots, and restaurants • Fuquay Mineral Spring Park and South Park for outdoor recreation, walking trails, and community events • Ting Park in Holly Springs for sports complexes, concerts, and festivals • Convenient access to NC-55, US-401, and the I-540 corridor, making commuting to Raleigh, Cary, and Research Triangle Park easy • Close proximity to shopping centers, grocery stores, gyms, and everyday conveniences
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.
