Step into a home that instantly feels like THE ONE- and with a sense of community!. From the moment you walk through the welcoming two-story foyer, you’re greeted with an open, light-filled layout designed for both everyday comfort and effortless entertaining.The main level offers the perfect blend of function and style—whether you need a dedicated home office, a cozy sitting room, or a space to host. The formal dining room, complete with a coffered ceiling, sets the tone for memorable dinners or holidays with family, while the heart of the home—the kitchen—features granite countertops, stainless steel appliances, and a spacious island that flows seamlessly into the family room with a warm, inviting fireplace. It’s the kind of space where everyone naturally gathers.Upstairs, the primary suite is your private retreat, highlighted by a cathedral ceiling, oversized walk-in closet, and a spa-like bathroom with dual vanities- a soaking garden tub, and a beautifully tiled walk-in shower. Two additional bedrooms, a full bath, and a convenient laundry room give you the space you need. The bonus? A versatile loft that gives you a room for playtime, crafting, gaming, working from home, or watching movies- the possibilities are ENDLESS! Step outside to your own backyard escape—a large, fenced yard with a deck that’s perfect for grilling, relaxing, watching the kids or pets play, or hosting under the Carolina sky.All of this is located in the desirable Lexington Plantation community- complete with a community (with a second under construction), a playground, fitness room, and clubhouse. Lexington Plantation also hosts community events- seasonal vendor fairs, community yard sales, Easter Egg Hunts, etc. If all of this isn't enough: Preferred lender Joe Spell with Mutual Mortgage is offering ZERO loan fees on VA loans. Contact him directly at (910) 964-1348 to learn more.Schedule your private showing today and see why this one stands out! Go and show so it's EASY for you to set up a showing!
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.
