Your new home awaits located for seamless commute to Fort Bragg if needed to go to work during the week and an easy get away for the weekend. Cruise down 1-95 to 1-40 to get to NC beaches or cool down up north to the Great Smokie Mountains. Sometimes you just want the, "City Life experience" in Raleigh check out their shops, see a show, and explore the Science Museum there are so many choices and a great place to start!! Welcome to your new spacious home which includes 3 bedroom 2 1/2 bathroom with LVP throughout this entire home. Free-flowing home with separate rooms for that "cozy" feel, kitchenette for quick breakfast before school and a separate dinning room to host family dinners or turn it into an office? The living room's spaciousness allows another ideal area for a dinning area or a small nook for a corner library. Entire inside of home was recently painted (2025) white to start off as a blank canvas to make your own!! Thinking of buying now and possibly renting out later? Perfect idea!! This property is a renter's magnet!! Steady stream of renters! Homebuyers or Investors don't worry about the some of appliances they have been updated. Roof was updated in 2016Newer appliances (2021) include a stainless steel General Electric gas stove, a stainless steel Samsung refrigerator, General Electric washer and dryer set. HVAC 2021 Goodman, Tankless water heater was installed in 2025. Previous Fire in 2021 *Fire was caused by previous tenant not the house.* Permits are uploaded in trans desk.**Repairs are in place for 2026**Preferred lender: Mutual Mortgage Joe Spell (910) 964-1348 ZERO loan fees on VA loans
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.
