NEW ROOF! NEW HVAC! NEW FLOORS! NEW CARPET! NEW LIGHT FIXTURES! NEW PAINT! Welcome to nearly 3,500 square feet of beautifully updated, mansion-style living in desirable Spring Lake! This spacious home features 5 bedrooms, 3 full bathrooms, along with a bonus room, and office/ flex room. This wonderful home has it all! Step inside and experience expansive living of high ceilings, abundant natural light, and stunning features! Enjoy being greeted by the beautiful formal dining room, perfect for hosting holidays and gatherings, a flex space ideal for an executive office, and a massive living room, wonderful for snuggling and watching movies in front of the fireplace that is anxiously waiting to warm you! You will also find a gourmet kitchen with tall cabinets, magnificent black granite counters with ample space made for serving chef inspired meals! On the main level, you will also find a generously sized bedroom coupled with a large full bathroom perfect for inlaws or teenagers! Head on upstairs and you will find an impressive Owner Suite. Step inside the beautiful enchanting Master Bathroom designed with opulence & HGTV in mind! Whether you are enjoying a "spa like" experience in the grand soaking tub or enjoying a steamy showing, relaxation is sure to happen! Upstairs you will also find 3 more oversized bedrooms, a full bathroom, along with a laundry room (just right off the primary suite) for convenience. Upstairs also features a massive bonuns room, perfect for a media room, game room or additional living space! Now, head downstairs and don't forget to stop by the kitchen to grab your cup of JOE and step out on the deck/patio and prepare to enjoy the quiet sunrises or make your favorite drink and enjoy sunsets in your massively fenced in private paradise! This beautiful home is conveniently located near schools, shopping, golf courses, and is a quick and easy commute to Fort Bragg, Pope Army Airfield, & Simmons Army Airfield! Also, sellers are gifting new buyers: fridge, window treament and shed! Don't miss your opportunity to experience this perfect, move in ready gem!
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.
