2415 Cedar Ridge Ct, Fayetteville, NC 28306
4 beds · 3 baths · 2,705 sqft
Welcome to your dream home! This stunning 4-bedroom, 3-bathroom two-story residence offers 2,705 square feet of thoughtfully designed living space within a tranquil lake community with direct lake access. Set on a private 0.28-acre lot, it boasts a peaceful yard perfect for gatherings and outdoor activities. With an affordable HOA fee of just $29/month, enjoy well-maintained communal spaces and amenities. Inside, a convenient first- floor master suite provides easy accessibility, while a second-floor suite offers privacy for family or guests. The open floor plan ensures seamless flow between living areas, ideal for both family living and entertaining. The gourmet kitchen, with its spacious island, stylish tile backsplash, and ample cabinetry, is perfect for the culinary enthusiast. Elegant touches like recessed lighting, chair rail, and wainscoting add sophistication throughout. Outside, the 2-car garage provides ample room for vehicles and additional storage. Located close to a military base and a variety of shopping, dining, parks, and leisure activities, this home combines the benefits of a peaceful neighborhood with easy access to conveniences. Don't miss the opportunity to make this wonderful home yours! Schedule a viewing today to experience the perfect blend of comfort, space, and community living.
Source: TRIANGLEMLS #10045906
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10045906
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: #10045906
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.