*************** $5,000 in seller concessions and an assumable loan for qualified buyers ************************Welcome to 3004 Gentle Breeze Ct, a beautifully appointed residence that seamlessly blends comfort, style, and modern living. Tucked on a corner lot with a cul-de-sac at both ends, this exquisite home boasts 4 bedrooms and 2.5 bathrooms. As you step inside, you'll be greeted by an inviting open floor plan adorned with natural light and elegant finishes, a large great room with a fireplace and mantle; a chef's kitchen with granite countertops and stainless appliances; hardwood floors run throughout the kitchen and dining areas, with carpet for comfort in the great room - it ties the spaces together and gives the home a welcoming feel. Retreat to the luxurious master suite, complete with a private en-suite bathroom featuring dual vanities, a soaking tub, and a separate shower. Each additional bedroom offers generous space and ample closet storage, ensuring everyone has their own sanctuary. Step outside to your fenced backyard, complete with a swing set, where you can enjoy summer barbecues, relax under the stars, or cultivate your own garden. Add a two-car garage and you’ve got plenty of room for cars, bikes, and all the extras you need! Located in the sought-after Summer Grove community, this home is conveniently situated near shopping, dining, top-rated schools, and a park with a splash pad for hot summer days. Easy access to I-295 makes commuting to Fort Bragg (15 minutes) and downtown Fayetteville a breeze. Don’t miss the opportunity to make this wonderful property your new home. Schedule a showing today and experience all that this wonderful home has to offer! Your dream home awaits! Contact Kirk Bell @ 803-466-1114 for a private showing today.
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.
