*** Price just reduced by $5,000! Motivated sellers are offering $8,000 toward your closing costs when using our preferred lender, Nicki Torres at Movement Mortgage. Plus, enjoy a one-year rate buydown. If you’re PCS-ing, this deal helps you settle in with savings. Don’t miss it!*** Welcome to this stunning 5-bedroom, 3.5-bathroom home situated on a generous 0.53-acre lot in one of North Fayetteville’s most desirable areas. Combining modern updates, spacious living, and exceptional outdoor amenities, this beautifully maintained property offers everything today’s buyers are looking for.Step inside and be greeted by a bright, inviting floor plan designed for both everyday comfort and effortless entertaining. The home features luxury vinyl flooring throughout the main living areas, offering both style and durability, while carpet is reserved exclusively for the bedrooms, creating a warm and cozy retreat for rest and relaxation.With four spacious bedrooms and 3.5 bathrooms, there’s room for everyone to spread out and enjoy. The large bonus room provides endless flexibility and can easily serve as a media room, home office, playroom, gym, or guest suite.Enjoy the added benefit of a whole-home water filtration system, providing enhanced water quality throughout the property and peace of mind for years to come.Step outside to your private backyard oasis! The expansive 0.53-acre lot is fully enclosed with a vinyl privacy fence, creating the perfect setting for children, pets, entertaining, or simply enjoying the outdoors. The above-ground pool offers the ideal place to cool off during warm Carolina summers and creates a backyard retreat you’ll enjoy year-round.Located within a highly desirable school district and just minutes from shopping, dining, parks, and Fort Bragg, this home offers the perfect blend of convenience and lifestyle.Property Highlights:5 Bedrooms | 3.5 BathroomsSpacious bonus room0.53-acre lotLuxury vinyl flooring throughout main living areasCarpet in bedrooms onlyPrimary Suite on main LevelWhole-home water filtration systemAbove-ground poolFully fenced backyard with vinyl privacy fencingLocated in a desirable school districtJust minutes from Fort BraggConvenient North Fayetteville locationMove-in ready and meticulously maintainedThis exceptional home offers space, style, and amenities that are hard to find. From the upgraded flooring and water filtration system to the fenced backyard and pool, 220 Nairn Street is ready to welcome its next owner's home. Schedule your private showing today!
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.
