109 Hammermill Dr Fuquay Varina, NC 27526
Your savings
About this home
Mill Ridge South corner-lot charmer with all the right updates. A true rocking-chair front porch and side-entry 2-car garage. Inside, fresh interior paint and brand-new carpet pair with engineered wood floors and classic crown molding. The family room centers on a cozy gas-log fireplace; the formal dining room elevates every meal with wainscoting and a tray ceiling. The eat-in kitchen delivers: stylish cabinetry with crown, granite counters, stainless appliances, subway tile backsplash, and a raised breakfast bar. The main-floor primary retreat features a tray ceiling, walk-in closet, and spa-style bath with dual vanity and a tiled walk-in shower with bench and shampoo niche. Main-level laundry equals everyday ease. Upstairs, an oversized bonus connects two bedrooms with a buddy bath; a third bedroom enjoys a full hall bath. All bedrooms have walk-in closets. Need more space? A third-floor rec room adds versatility (playroom, gym, studio) plus an unfinished walk-in attic for storage. Outdoor living shines with a screened porch with ceiling fan and a roomy backyard ready for games and gatherings. Timeless curb appeal + modern function—move-in ready and made for easy living in highly desirable Mill Ridge South, Fuquay-Varina.Close to shopping, minutes to Herbert Akins Elementary & Middle schools.
Source: TRIANGLEMLS #10123919
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.