Luxury Model-Style Home in the Heart of Fuquay This stunning, model-style home truly shows like new, featuring beautiful hardwood floors throughout the kitchen, dining, and living areas. The gourmet kitchen serves as the centerpiece of the home, showcasing luxury granite countertops, a custom backsplash, gas range, stainless steel and black appliances, and a butler's pantry for added convenience. A charming coffee and wine station just off the kitchen adds the perfect touch for entertaining. With 12-foot ceilings and a grand staircase accented by custom iron spindles, this residence radiates elegance and sophistication. Enjoy recessed lighting, window blinds, and ample closet, storage, and pantry space designed for both style and function. Featuring 4-5 bedrooms and 4 full baths, the home has been thoughtfully designed with premium upgrades throughout. From the moment you enter, you'll be captivated by the open layout and abundance of natural light, creating a warm and inviting atmosphere. The primary suite is a true retreat, complete with designer closets, a spa-inspired bathroom, and custom finishes. The fifth bedroom has been converted into a luxury custom closet by Closets by Design, featuring built-in shoe racks, clothing shelving, and elegant storage details—offering the feeling of a celebrity-style dressing room. A bedroom conveniently located on the main level adds flexibility for guests or multi-generational living. Relax on the large front porch, perfect for enjoying cozy summer or fall evenings, or unwind on the screened-in back porch, ideal for relaxing or entertaining while overlooking the professionally landscaped yard and private fenced area. The three-car garage provides both convenience and generous storage, completing this exceptional home. Located in the heart of Fuquay, a community celebrated for its growth, charm, and modern amenities, this home blends comfort, sophistication, and superior craftsmanship. Every detail has been curated to reflect modern luxury—a residence that truly shows like new.
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.
