Nature’s Sanctuary Meets Suburban Elegance. Experience the perfect blend of privacy and community at 475 Ridgewood Drive. Tucked away at the quiet, private end of a cul-de-sac, this home is a rare find for those who crave tranquility without sacrificing the benefits of a premier Fayetteville location. This property isn’t just a house; it’s a private retreat designed to harmonize with its stunning natural surroundings. A Backyard Like No Other The true crown jewel of this property is its location. The backyard opens into over 20 acres of protected neighborhood green space, which further connects to a massive 300-acre nature preserve. Wildlife at Your Door: Deer, turkeys, and a vibrant variety of birds are frequently seen throughout the property. Guaranteed Privacy: With “never to be developed” land behind the home, the forest view is protected long-term. Outdoor Living: The deck provides an ideal setting for quiet evenings surrounded by the natural sounds of the preserve. Community Amenities Residents enjoy access to a variety of neighborhood amenities that support an active and social lifestyle: Active Recreation: Swimming pool, tennis courts, and pickleball. Nature & Leisure: Access to a neighborhood fishing lake with a private dock and a community playground. Social Hub: A clubhouse available for resident use and private events. Sophisticated Living & Spacious Bedrooms The interior flows seamlessly, offering abundant space throughout the home. Chef’s Kitchen: Flooded with natural light and overlooking the forest, the kitchen features abundant cabinetry and storage, a large central island with stool seating, and a dedicated eat-in area. Elegant Dining: A separate, formal dining room comfortably accommodates large gatherings. The Sun Room: Located just off the deck, this striking space features a cathedral ceiling and windows on three sides. The Primary Retreat: An oversized sanctuary filled with natural light and unobstructed forest views, creating a serene and private escape. The en-suite bath includes a shower, Jacuzzi tub, dual vanities, and two large walk-in closets. Additional Bedrooms: Each of the remaining bedrooms includes a large walk-in closet, offering ample storage. Upstairs Bonus Room: A generous flexible space ideal for a media room, game room, or other uses. Basement Potential The 1,647-square-foot walk-out basement offers a separate entrance, abundant natural light, and a finished room previously used as a recording studio—well-suited for a home office, fitness space, or creative studio. The remaining area is stubbed for plumbing and ready for customization.
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.
