Welcome to the home that checks all the boxes--and then adds a few you didn't even know you needed. Tucked in a cul de sac inside a charming, smaller community in Holly Springs, this beautifully crafted home by Cumberland Homes sits on an oversized .57-acre lot backing to peaceful trees and undisturbed land, giving you space, privacy, and the feeling of your own little retreat. Inside, the layout is as smart as it is stunning. The first-floor primary suite means no daily stair climbing required, and the gorgeous tiled ensuite delivers spa vibes with a soaking tub, walk-in shower, dual vanities, and custom closets. The main level flows beautifully with durable LVP floors, a cozy propane fireplace (conveys as is), and architectural touches like coffered ceilings, wainscoting, crown molding, and plantation shutters that make the home feel elevated and inviting. Love to entertain? The gourmet kitchen is ready for it with a massive island, upgraded appliances, 42'' cabinetry with soft-close drawers, and a smart refrigerator that even includes a beverage cooler option (because hydration... and celebration). Need a home office but don't want to go upstairs? The elegant dining room easily converts into the perfect main-level office or flex space. On the second floor, you'll find spacious secondary bedrooms plus a massive bonus room ready to become your media room, playroom, or even a fifth bedroom. Outside, the screened porch and large backyard offer the perfect place to relax, entertain, or watch the deer wander by. And the 3-car garage with workshop space and storage system means there's room for all the toys and projects. All this just minutes from downtown Holly Springs, Fuquay-Varina, Harris Lake Park, shopping, dining, and everything that makes this area one of the Triangle's most loved places to live. Big lot. Beautiful finishes. Smart layout. Small community charm. Home is here.
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.
