Spacious executive home on a large lot in fast-growing Holly Springs. Great curb appeal! Easy-care fiber cement siding with stacked stone accents. Side-load garage and lots of driveway space for guest parking or outdoor sports. Newly installed beautifully upgraded landscaping. Dine al fresco or just kick back and relax on the spacious covered rear porch with vaulted ceiling overlooking the large level backyard. This outdoor living space has great privacy. Walk to the neighborhood pool for a quick dip, or an afternoon socializing with neighbors. Designed and built by Ashton Raleigh Residential, the heart of the home is a delightful open-concept space. The family room, kitchen, and breakfast area flow seamlessly together. A gourmet's delight, the stylish kitchen features a large island, 5-burner gas cooktop, stainless-steel wall ovens, a dramatic stainless-steel vented hood, an apron-front sink, and a spacious walk-in pantry. The stainless-steel French-door refrigerator conveys with the home. Savor that second cup of coffee or tea in the beautiful breakfast room with three walls of windows, and a stellar view of the backyard. The family room also has a wall of windows overlooking the covered back porch and verdant backyard beyond. This welcoming space features a cozy gas-log fireplace, and built-in bookshelves with cabinets below. The home is light and bright and features 8-foot doors on the main level and lots of tall windows. Hardwood flooring graces the main living spaces. The soaring foyer greets you and your guests. It is flanked by an elegant formal dining room, and by a home office with French doors. The dining room has elegant wainscot and a trey ceiling. The office space also has wainscot, and it has a delightful bay window. In addition to serving as a convenient home office, this room would make a great library or music room. A butler pantry between the dining room and the kitchen features tall French doors and gives storage and display space for your decorative glassware and other special items. The primary bedroom suite is on the main level and is large enough to include a sitting area with direct access to the back porch. It has a vaulted ceiling and plush carpet. The en suite primary bath has two vanities, a large soaking tub, a separate shower, and a separate water closet. The primary suite's walk-in closet is spacious. The main level is rounded out by a convenient mudroom entry from the garage with a custom built-in drop zone, and a laundry room with a newly-installed sink. There is a powder room on this level. The staircase to the second floor is conveniently located at the center of the house. Upstairs you will find three generously-sized bedrooms each with plush carpet and a walk-in closet. Every bedroom has direct access to a full bathroom. There are two large recreational spaces on the second floor. One is a loft-style bonus room. The second is more tucked away and is well suited as a media room, game room home theater, playroom, or second home office. Holly Springs is an outstanding location with temperate weather and a robust job market. US1, NC55, and NC540 provide convenient access to major employers in the area. Enjoy the region's world-class healthcare, and arts and entertainment venues, museums, and professional and college sports. The Raleigh-Durham International Airport is less than 30 minutes away. It offers direct flights to 80 destinations, including non-stop flights to 14 international airports. Downtown Holly Springs offers a vibrant night-life. The B. Everette Jordan Lake and Harris Lake Recreation Areas are nearby with boating, fishing, hiking, camping, mountain-biking, and even Frisbee golf. Enjoy Ting Park and Bass Lake Park. Nearby Devil's Ridge Golf Club (John LaFoy designed), and The Club at 12 Oaks (Nicklaus Design Group), both offer membership opportunities for golf, and other recreational and social amenities. Property located less than 10 miles from Shearon Harris Nuclear Plant.
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.
