Welcome to 7546 Beverly Dr., a beautifully updated home located in an established Fayetteville neighborhood with a private, wooded backdrop. This move-in-ready property combines modern updates with functional living spaces, making it a great option for a variety of buyers.The interior features brand-new luxury vinyl plank flooring in the main living areas and new carpet in the bedrooms, creating a fresh, cohesive look throughout. Natural light fills the home, highlighting the open layout and clean finishes.The upgraded kitchen is a standout, offering white cabinetry, granite countertops, stainless steel appliances, subway tile backsplash, and a modern vent hood. Thoughtfully designed kitchen allows the layout to flow easily into the living area—perfect for everyday living or entertaining.Both bathrooms have been fully updated, featuring new vanities, modern fixtures, upgraded lighting, and refreshed tub and shower surrounds. The primary bathroom showcases a tiled walk-in shower with contemporary finishes, while the secondary bath offers a clean, updated tub/shower combination.The spacious living room features updated flooring and a stone fireplace, creating a warm focal point and comfortable gathering space. Bedrooms are well-sized with new carpet, ceiling fans, and ample closet space.Step outside to a large backyard with a wooded tree line, offering privacy and room to enjoy outdoor living. The lot provides plenty of space for recreation, gardening, or future outdoor enhancements.Additional highlights include washer and dryer conveying (only 3 years old), updated lighting and fixtures throughout, and a layout that balances comfort with practicality. New Water Heater and garage door motor replaced in 2023.Conveniently located near shopping, dining, schools, and major roadways, 7546 Beverly Dr. offers updated finishes, modern comfort, and a great Fayetteville location—all ready for its next owner.Worried about the cost of ownership? Ask about our preferred lender incentives which could save you up to $2,000 in closing costs.
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.
