7248 Cayman Dr Fayetteville, NC 28306
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About this home
Back on the market and ready for its next owner! This beautiful Fayetteville home caught a buyer’s attention in under a week — and now it’s giving someone else the same opportunity. Beautifully sited in the sought-after Jack Britt area, this spacious brick-front home offers a thoughtful floor plan and generous room sizes across approximately 2,425 sq ft — ideal for everyday living and entertaining. The main level welcomes you with an open living area that flows to the dining space and kitchen. Upstairs you will find a finished bonus with 1/2 bath with the rest of the living space on the main floor. This well-maintained home has numerous upgrades to include:Bathroom remodel 2011 | 50 yr Roof shingles 2013 | Driveway 2019 | Windows 2020 | Tankless hot water heater | Bonus heat and air 2020 | Gas pack and new duct work 2022 | Encapsulation March 2023Sited on nearly 0.46 acres, the lot gives a rare sense of space and mature landscaping in this established neighborhood. In addition to the attached 2 car garage, you find detached garage with power to keep all of your toys and projects. Convenient to major routes, shopping, and an easy commute to Fort Bragg, this location delivers both lifestyle and convenience — homes like this don’t stay available for long!
Source: TRIANGLEMLS #LP748701
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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.