625 Sage Oak Ln, Holly Springs, NC 27540
4 beds · 3 baths · 2,984 sqft
This stunning home, built by Meritage, offers four spacious bedrooms, including a first-floor guest suite, and three full baths. The open-concept layout is perfect for modern living, with a huge family room as the centerpiece—complete with a cozy fireplace and built-in shelves. The space flows effortlessly into the sunroom, where you can enjoy your morning coffee while overlooking the flat backyard, ideal for outdoor activities or relaxing with friends and family. The gourmet kitchen is designed with style and functionality in mind, featuring stainless steel appliances, tile backsplash, and a large center island—perfect for hosting gatherings or enjoying everyday meals. Upstairs, a versatile loft provides endless possibilities, whether as a game room, home gym, or additional living area. The oversized master bedroom is a true retreat, boasting custom closets and an en-suite bath designed for luxury. Unwind in the large walk-in shower or pamper yourself at the built-in makeup station, creating a spa-like experience at home. Two additional bedrooms upstairs feature custom closets and ample space. Not to be overlooked, the painted and epoxied garage adds a stylish and durable finish, perfect for keeping your garage looking pristine. Located in the highly sought-after 12 Oaks community, this home is just steps away from the 3rd pool and adjacent playground. You are only a short golf cart ride from the clubhouse and golf course with access to the other resort-style amenities including 2 other pools, tennis and pickleball courts, playgrounds, a fitness center, and a vibrant social scene. Come see all this home has to offer and experience the luxury of 625 Sage Oak Drive and The Club at 12 Oaks.
Source: TRIANGLEMLS #10082047
Financials
Source: Public records
Source: TRIANGLEMLS #10082047
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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