Hurry to come tour this meticulously maintained raised-ranch just a 5-minute walk from downtown Cary, the Metra, and Briargate Elementary School-an unbeatable location for convenience and lifestyle. Enjoy quick access to local shops, restaurants, parks, and easy commuting, all while being part of the highly acclaimed Cary-Grove High School district. This home shines with extensive recent updates giving its new owner peace of mind for plenty of years to come. The kitchen was refreshed in 2025 with a new microwave, sink, stove, oven, and exhaust fan, and offers a fully functional space ready for everyday living and entertaining. Major mechanicals have been taken care of, including a new furnace (Dec 2025) and brand-new AC (2026). Even more updates continue throughout the home with a new front door and basement flooring (2026), plus a water softener and hot water heater (2023). Additional improvements include the dishwasher (2021) and big-ticket items like the garage door, driveway, most windows, and sliding glass door (2020). The roof and siding (2013) round out a solid list of long-term investments. Pull down scuttle leads up to the walkable attic space with end-to-end plywood flooring therefore provides infinite storage space! With so many updates already completed, this home offers the perfect opportunity to move in and enjoy-while adding your own personal touches over time. Don't miss your chance to own a well-updated home in one of Cary's most walkable and desirable locations!
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.
