Stop the search! Discover timeless design and modern comfort in this beautifully crafted and cared for home at 931 Needlerush Road! The spacious layout offers over 3200 heated square feet of well-appointed living space, featuring both open-concept gathering areas and private retreats; most of which is on the first floor! On the main level, an expansive great room (measuring 15' x 29') flows seamlessly into the kitchen and breakfast area; This creates a central hub, ideal for entertaining or everyday living! The entire first floor has towering 9 ft ceilings throughout. As you enter through the foyer, you'll be greeted with a formal dining room, featuring coffered ceilings and wainscoting on the left. On the right you'll find a Flex Room, with beautiful French doors. Entering through the garage, you will find an exquisitely crafted ''drop center'' with hooks for organization! The tile floor in the laundry room makes this the perfect mud-room to enter through on rainy days! The large chef's kitchen is an absolute dream! It is designed with function and entertaining in mind; There is a kitchen island separate from the bar-seating area to allow for ease of cooking or serving food while guests sit at the bar. The space is unmatched in this kitchen as there is not only a plethora of cabinet and counter space, but a pantry as well! The primary suite on the main floor offers comfort and privacy, with a generous walk-in closet and spa-inspired bathroom featuring dual vanities, a soaking tub, and a separate step-in shower. The primary suite is spacious is sizing and features elevated tray ceilings. On the opposite side of this sprawling floor plan, there are two additional bedrooms that each have their own walk-in closets along with easy access to a full bathroom. Upstairs, you'll find a family room that allows for a versatile use of space! This room is surrounded by two additional bedrooms and another full bathroom. This home has plenty of storage space including towel closets in both the first and second floor full bathrooms, a coat closet in the foyer, and an additional closet in the downstairs hallway. The large, fenced in back yard features a covered patio with a fan to enjoy the perfect Carolina weather no matter what season it is! The extended patio space makes entertaining or enjoying this space even easier!
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.
