SELLERS OFFERING $10,000 ''USE AS YOU CHOOSE'' INCENTIVE with an acceptable offer!!! Fantastic opportunity to own your dream home in the highly sought-after Arboretum neighborhood in Southern Pines. Elegant and thoughtfully designed, this stunning 3,240-square-foot residence offers 5 bedrooms and 3 full baths with spacious, light-filled rooms ideal for both everyday living and entertaining. The heart of the home is the beautifully updated kitchen, featuring high-end appliances, custom lighting, tile backsplash, and a walk-in pantry, open to both the living room and casual dining area for easy everyday living and entertaining. A separate formal dining room offers an elegant setting for special occasions. A bedroom and full bath on the main level for guests or a home office, while upstairs you'll find the spacious primary suite, three additional bedrooms, and a conveniently located laundry room. Custom drapes and plantation shutters throughout the home frame picturesque views of the lush surroundings. Step outside to an exceptional, park-like setting that feels like a private retreat. The meticulously designed grounds feature mature trees, curated shrubs, hundreds of seasonal bulbs, and fragrant jasmine, gardenia, and magnolia trees. Outdoor living is elevated with custom stone walls, a private Brazilian hardwood deck, stamped concrete patio, wood fire-pit area, a natural gas fire table, and multiple spaces for gathering. Enjoy alfresco dining beneath a grapevine-covered pergola or unwind on the swing beneath a jasmine-covered arbor. Community residents enjoy sidewalks throughout the neighborhood, access to the community pool, clubhouse and playground. Ideally located, the Arboretum offers easy access to the Village of Pinehurst, downtown Southern Pines, and a short commute to Fort Bragg. This remarkable home offers timeless elegance, exceptional outdoor living, and an unbeatable location in one of Southern Pines' most desirable neighborhoods.
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.
