Located in the convenient Legends subdivision and within the highly sought-after Whitewater School District, this beautifully maintained home offers a blend of comfort, style, and convenience-just minutes from the popular South Fayetteville shopping and dining area. There are thoughtful architectural details that make this home stand out, including elegant archways, beautiful trimwork, and a foyer hallway featuring impressive ceiling insets. The formal dining room showcases a stunning coffered ceiling, creating the perfect setting for gatherings. The spacious kitchen is designed for both everyday living and entertaining, featuring hardwood flooring, stainless steel appliances including double ovens, a gas cooktop, microwave, center prep island, pantry, tiled backsplash, and richly stained wood cabinetry. A sunny breakfast area gets the morning sun and the kitchen views open seamlessly to the family room, allowing for easy conversation and connection. The family room comfortably accommodates large-scale furnishings and is anchored by a beautiful stone fireplace, creating a warm and inviting focal point. The main level includes the primary suite, a generous retreat with a crown ceiling and two walk-in closets. The primary bathroom features double vanities with stained wood cabinetry, a relaxing soaking tub, and a separate tiled shower. Two additional sizable secondary bedrooms are also located on the main level and share a full bathroom. Convenience continues with a mudroom entry from the garage and a separate laundry room. Upstairs, a private bedroom with a full bathroom provides the ideal space for guests, a teen suite, or a home office. Outdoor living is just as enjoyable with a screened-in back porch overlooking the fully fenced backyard-perfect for relaxing or entertaining. Solar panels have also been installed to help reduce monthly energy costs. With its spacious layout and prime location close to shopping, dining, and top-rated schools, this home offers exceptional value in one of Fayette County's most desirable areas.
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.
