Beautifully updated townhome in the highly desirable Windchase at Beechtree Subdivision! Prime Cary location just minutes from shopping, RTP, I-40, I-540, the Beltline, SAS, and Umstead Park. This move-in ready home features a cozy and functional floor plan with LVP flooring throughout the main level and brand-new carpet on the stairs and throughout the upstairs level. The home has been freshly updated with smooth ceilings, popular Agreeable Gray paint, and updated light fixtures throughout most of the home, creating a bright and modern living space. The kitchen offers stainless steel appliances, ample cabinet space, and additional storage. Upstairs, you'll find two spacious bedroom suites, each with its own private bathroom, providing comfort and privacy for family members, guests, or roommates. Recent bathroom updates include new vanities, new faucets, and new toilets throughout. The primary suite features a stylish barn-style double vanity, while the secondary suite includes a charming barn sliding door to the bathroom. Both suites offer well-appointed private baths and generous closet space. Enjoy relaxing on the private patio overlooking a peaceful wooded setting with convenient access to the Cary Greenway system for walking, jogging, and biking. A rare opportunity to own a beautifully updated, move-in ready townhome in one of Cary's most convenient locations Please Note: Some listing photos have been virtually staged. The home is currently vacant, and furniture and décor shown in the photos are for illustrative purposes only.
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.
