$10,000 SELLER ALLOWANCE towards CLOSING COSTS or however you want to use! Welcome to 6605 Stillwood Drive in the desirable Roslin Farms West community of Hope Mills - a spacious and well-maintained home offering the perfect combination of comfort, functionality, and location. This impressive property features FIVE BEDROOMS and generous living spaces designed for both everyday living and entertaining. The open-concept kitchen flows seamlessly into the main living area and includes ample cabinetry, a large island, and stainless appliances, creating the perfect gathering space. A formal dining room with elegant trim work provides the ideal setting for hosting dinners and special occasions. The expansive 1st floor primary suite offers a relaxing retreat with a LARGE EN-SUITE BATH, soaking tub, separate shower, and WALK-IN CLOSET. For added entertainment value, the home is equipped with BUILT-IN SURROUND SOUND SPEAKERS in the living room and one of the bedrooms, perfect for movie nights, gaming, or creating a dedicated media space. The backyard is a standout feature with a FULLY FENCED YARD and a built-in basketball pad, providing plenty of space for recreation, entertaining, or relaxing outdoors. Located in Roslin Farms West, residents enjoy a quiet neighborhood setting while still being conveniently located near shopping, dining, and major commuter routes. For military buyers, the home offers EASY ACCESS TO FORT BRAGG, making daily commutes simple. This is a fantastic opportunity to own a spacious home in a growing area while adding your own finishing touches
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.
