Golf-front living with space for the whole family in Foxfire Village East. This 4 Bedroom, 2.5 Bath home offers 2,936 SF on a generous 0.728-acre lot overlooking the 14th Green of the Grey Fox Golf Course.A shaded Covered Rocking Chair Front Porch welcomes you home, while the Cement Driveway and Sidewalk add curb appeal. Inside, enjoy elegant arched architecture, Granite Counters throughout, and a Double-Sided Propane Fireplace shared by the Front Flex Room and Living Room.The Kitchen is designed for gathering, featuring a Kitchen Island with Breakfast Bar, Corner Pantry, Stainless Steel Appliances, and durable Italian Porcelain Tile flooring throughout the main level. A Formal Dining Room with Chandelier is perfect for holidays and special occasions, while the bright Sunroom opens to the Back Patio and expansive backyard.Upstairs, all four Bedrooms are conveniently located along with the Laundry Room. The spacious Primary Suite includes a Garden Tub, Walk-In Shower, Double Vanity with Granite Countertop, and a Large Walk-In Closet with shelving. Three Guest Bedrooms offer generous closets, and the Full Guest Bath features a Granite Double Vanity.Outside, enjoy evenings around the Stone Firepit and peaceful golf-course views. Forest Lake is just down the road, and Foxfire Golf Club & Resort offers the Red Fox and Grey Fox courses, currently being restored by architect Kyle Franz to their original Gene Hamm designs.Located near Moore County Schools and just a short drive to Pinehurst and Southern Pines golf destinations, this home blends family-friendly comfort with the best of Moore County golf living.
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.
