Welcome to Cedar Hills! A truly one-of-a-kind Hillsborough property where timeless charm, modern updates, and an unbeatable location come together beautifully. Nestled on a private 1.5-acre lot just a half-mile from the heart of Downtown Hillsborough, this enchanting Cape Cod residence offers direct access to the scenic Riverwalk and greenway right from the back of the property, creating a rare opportunity to enjoy both peaceful privacy and walkable convenience. Marked by the charming stone entry monuments bearing the name "Cedar Hills," this beloved property exudes character from the moment you arrive. A circular driveway and rocking-chair front porch welcome you home, setting the stage for the warmth and charm found throughout. Thoughtfully and extensively renovated, this 4-bedroom, 3-bath home seamlessly blends classic style with modern comforts. Gleaming hardwood floors flow throughout the main living areas, while beautifully updated kitchens and bathrooms offer timeless finishes and exceptional craftsmanship. The spacious floor plan includes two bedrooms on the main level, including a serene primary suite designed for comfort and convenience. At the heart of the home, the beautifully updated kitchen is both stylish and functional, featuring modern white cabinetry, quartz countertops, stainless steel appliances, tile backsplash, and bar seating. A charming farmhouse sink overlooks the private backyard, bringing natural light and picturesque views into the space. Just steps away, the dining room offers built-in cabinetry with a coordinating tile backsplash - perfectly suited for a coffee bar, beverage station, or additional serving space when entertaining. The primary retreat features a spa-inspired en-suite bath complete with dual vanities, stunning clawfoot soaking tub, and a spacious zero-entry walk-in shower with frameless glass enclosure, creating a luxurious space to relax and unwind. Secondary bedrooms are generously sized, and each offers excellent closet space and flexibility for guests, family, or a home office. Outdoor living is equally impressive. The private fenced backyard offers plenty of room to play, garden, or entertain, while the expansive patio with a fire pit creates the perfect setting for gathering with friends and family beneath the Carolina sky. Mature trees provide a picturesque backdrop while still preserving the openness and usability of the flat lot. One of the home's most extraordinary features is its location. Step out your back door and connect directly to the greenway leading into Downtown Hillsborough, where you'll enjoy award-winning restaurants, local shops, galleries, coffee houses, and year-round community events. With easy access to I-85 and I-40, commuting to Durham, Chapel Hill, and beyond is effortless while still allowing you to enjoy the charm and pace that make Hillsborough so beloved. Rich in character, beautifully updated, and perfectly positioned, Cedar Hills is more than a home - it's a rare opportunity to own a piece of Hillsborough charm unlike anything else on the market.
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.
