Beautiful all-brick townhome in the highly desirable Cotswold community of Pinehurst, just minutes from the historic Village of Pinehurst and world-renowned Pinehurst Resort. This move-in ready home offers a beautiful entryway, soaring vaulted ceilings, hardwood floors throughout, and a spacious living room with fireplace and custom built-ins. The bright and functional kitchen features Corian countertops, abundant cabinetry, stainless steel appliances, a large pantry, and a generous eat-in area. An inviting enclosed Carolina Room offers the perfect spot to relax year-round while enjoying a peaceful, private outdoor setting, and the home also features a private gated all-brick courtyard for morning coffee, gardening, or entertaining. The main-level primary suite supports easy main-level living, offering a spacious bedroom, dual sinks, walk-in tile shower, linen closet, and a custom walk-in closet. A split-bedroom layout provides privacy for guests with ample closet space and a shared bath. Upstairs features a bonus room, full bath, and additional storage space. Located on a quiet corner of a cul-de-sac, this home offers privacy, convenience, and low-maintenance living. Cotswold residents enjoy beautifully maintained common areas and a new (2024) saltwater pool. HOA dues cover landscaping, grounds care, and common areas--perfect for lock-and-leave living. Property Highlights: *Main-level primary suite with custom walk-in closet *Hardwood floors throughout *Vaulted ceilings with fireplace and built-ins *Carolina Room overlooking a private, serene outdoor setting *Kitchen with Corian countertops, stainless appliances, pantry, built-in desk, and eat-in area *Private gated all-brick courtyard *Whole-house Kohler generator *Three HVAC zones *Whole-house water filtration system *2 Car Garage with built-in workbench and pegboard *Encapsulated crawl space with new dehumidifier (Nov. 2024) *Fresh Interior Paint (Oct. 2024) *Upstairs bonus room, full bath, and large storage area. Your perfect lock-and-leave Pinehurst lifestyle awaits in this beautiful all-brick townhome.
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.
