If you've been scrolling through listings thinking too tight, too outdated, too blah - take a breath, because this is the one worth stopping for. Edgecroft is that rare mix of space, comfort, charm, and location magic, sitting right on the edge of Holly Springs and Fuquay-Varina, giving you access to the best restaurants, parks, shopping, and small-town vibes both communities offer. Double the perks. Double the fun. And here's the big news - FHA Assumable Loan at 3.125% for 30 years with an estimated payment of just $1,464/month (with qualification through PHH). Yes, you read that right - affordable, attractive, and move-in ready with a home warranty to boot! Step inside and you'll feel it instantly: natural light, good flow, happy energy. The open-concept layout actually makes sense (no maze-like hallways here). The family room is cozy-meets-impressive with custom built-ins and a Pinterest-worthy accent wall. The kitchen is designed for real life - loaded with oak cabinetry, a spacious pantry for Costco runs, and open sightlines so you can cook and keep the peace at the same time. And bonus... all appliances convey! Drop zone? Check. Laundry room that's not a shoebox? Check. Closets you won't outgrow? Check. Ceiling fans throughout for comfort? Absolutely. Upstairs, the primary suite is the escape you deserve - cathedral ceilings, walk-in closet (it's massive), and a soaking tub for bubble baths, book nights, or quiet-time hiding. Out back, the fully fenced yard is made for littles, pets, gardens, or summer evenings chasing lightning bugs. The shaded deck means you can enjoy it without melting - iced coffee and grill nights are calling. And the location could not be better: just 8 minutes to Downtown Holly Springs, 7 to Fuquay, and a smooth 30-minute ride to RDU. Parks, shops, restaurants, breweries, and conveniences are all right at your fingertips. Edgecroft has the updates, the layout, the yard, the energy - and now, the rate you wish more houses came with.
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.
