Ideally situated in the heart of Fuquay-Varina and surrounded by continued growth and development, this well-kept farmhouse-style home offers both convenience and a quieter setting just minutes from it all. No detail was overlooked in this home, which has been meticulously maintained and offers a like-new feel throughout. A covered front porch leads into a bright entryway, where luxury vinyl plank flooring, tray ceilings, decorative wall accents, and updated lighting carry throughout the main living areas. Just off the foyer, a flexible front room can serve as a dining space, sitting area, or home office. The main living area opens seamlessly, connecting the kitchen, breakfast nook, and family room in an open-concept layout suited for both everyday living and entertaining. The kitchen features a large center island with seating, farmhouse sink, quartz countertops, soft gray cabinetry, gas cooktop, wall ovens, and a herringbone tile backsplash. A butler's pantry and walk-in pantry provide additional storage, while the breakfast nook offers a casual dining space filled with natural light. The family room includes a gas fireplace with detailed mantle and overlooks the screened porch and fenced backyard. The main level also includes a flexible room ideal for a guest space, office, or gym, along with a full bath and mudroom. Upstairs, the primary suite offers a tray ceiling, board and batten accent wall, and an ensuite bath with dual vanities, garden tub, tiled shower, private water closet, and walk-in closet. A loft area, two additional bedrooms, a full bath, and a laundry room with utility sink complete the second floor. Outdoor living includes a covered front porch, screened back porch, and patio overlooking a fenced yard. The yard has been designed for ease of maintenance and usability, featuring turf, irrigation, and multiple access points. Additional features include a detached garage with epoxy flooring and built-in storage, along with irrigation systems for both front and back yards. Located in the Meadowbrook community, residents have access to a clubhouse, fitness center, pool, playground, and picnic areas, with convenient access to nearby parks, greenways, shopping, dining, and commuting routes.
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.
