1709 Fairing View Way, Fuquay Varina, NC 27526
3 beds · 2 baths · 1,556 sqft sqft
This charming Arts and Crafts ranch home beautifully blends classic design with modern conveniences inside and out. Highlights include wainscoting, crown molding, bright neutral color palette, and open floor plan with guest rooms at the front of the home while the owner's suite is tucked away in the back for privacy. The dreamy kitchen is complete with Stainless Steel appliances, recessed lighting, hanging pendant fixtures over the large center island, gleaming granite countertops, gas stove, and a pantry. The adjacent dining space is ideal for a sit down meal while quick bites can be had at the island. Upgrades include soft close cabinets, under sink water filter with dedicated faucet, and luxury vinyl plank flooring in the hall and kitchen. Highlights in the cozy family room include a ceiling fan, upgraded carpet and padding for comfort, and loads of natural light from the bank of windows. The space is sized to accommodate a variety of seating arrangements to suit your style. The owner's suite serves as a private retreat with bright ambiance, ceiling fan, tray ceiling, and walk-in closet. The ensuite adds a touch of luxury with granite topped dual sink vanity, ample cabinetry, private water closet, and step-in glass door shower. For added convenience, the laundry room, located near the owner's suite, and drop zone at the garage entrance, provide more storage and organization options. Relaxing and entertaining are a breeze from either of the two covered porches or the back patio which is perfect for a grill or fire feature as well as a variety of comfy dining or seating arrangements. Broadwell Trace community is located on the west side of Fuquay-Varina with NC-55 and US-401 less than 2 miles away giving easy access to boutique and retail shopping, fine and casual dining, commuting, and recreational activities.
Source: TRIANGLEMLS #10062537
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10062537
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #10062537
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.