One of the largest floor plans in Westgate! Offering over 3,000 square feet, this spacious 4 bedroom, 2.5 bath home combines room to spread out with thoughtful custom updates throughout. The inviting front porch, two car garage, fenced backyard, concrete landscape curbing, and updated exterior lighting create outstanding curb appeal before you even step inside.The main level features a formal dining room with coffered ceilings, a formal living room perfect for a home office or flex space, arched entryways, and an open concept living room with gas fireplace overlooking the beautifully updated kitchen. The kitchen showcases granite countertops, subway tile backsplash, farmhouse sink, stainless steel appliance package, pantry, and a spacious eat in dining area.Conveniently located on the first floor, the primary suite offers a walk in closet complete with motion sensor lighting and a spacious ensuite featuring dual vanities, updated mirrors and lighting, a jetted garden tub, and separate walk in shower. The laundry room includes custom shelving, tile flooring, and the washer and dryer convey with the home.Upstairs you’ll find an oversized loft that’s perfect for a second living area, game room, or media space, along with three generously sized bedrooms featuring vaulted ceilings, a full bath, large walk in closets, and a large unfinished walk in storage room that provides exceptional storage rarely found in homes today.Enjoy relaxing evenings on the screened porch overlooking the fenced backyard complete with a garden area, storage shed, and gutters already installed on both the front and rear of the home.Located in the highly sought after Westgate community, residents enjoy resort style amenities including two swimming pools, a kiddie pool and splash pad, clubhouse, two fitness centers, gated playground with pavilion, stocked fishing pond, soccer field, volleyball court, sidewalks, and an active calendar of neighborhood events throughout the year including food trucks, holiday celebrations, pool opening festivities, and community gatherings. Conveniently located near Fort Bragg, shopping, dining, schools, and I-295, this home offers the space you’ve been looking for with the neighborhood amenities you’ll love.
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.
