Private Retreat with Separate Living Quarters on a Beautiful 1-Acre Lot in Mint Hill! Nestled on a picturesque 1-acre homesite surrounded by mature trees, this unique property offers the perfect combination of privacy, flexibility, and convenience. Located just outside Downtown Mint Hill, you'll enjoy a peaceful, country-like setting while remaining minutes from I-485, Matthews, the University Area, and only approximately 15 miles from Uptown Charlotte. One of the home's most desirable features is the private secondary living quarters, thoughtfully designed with both interior access and its own exterior entrance. Ideal for multi-generational living, extended guests, a home business, caregiver accommodations, or long-term visitors, this separate suite includes a living room, kitchenette, bedroom, and full bath, providing independence without sacrificing connection to the main home. The kitchenette is equipped with a sink, microwave, and mini refrigerator, offering added convenience for guests or family members. The primary residence offers spacious living areas and a versatile floor plan designed to accommodate a variety of lifestyles. Beautiful wood flooring flows throughout the main living areas, creating warmth and character throughout the home. The impressive great room features soaring cathedral ceilings, a gas fireplace, and abundant natural light, creating a welcoming gathering space for family and friends. The well-appointed kitchen is designed for both everyday living and entertaining, featuring stainless steel appliances, a gas range, and a refrigerator that conveys with the home. An oversized upstairs bonus room and additional flex space provide endless possibilities for a media room, home office, playroom, fitness area, hobby space, or additional storage. A walk-in storage room located off the loft area provides valuable storage space rarely found in today's homes. Outdoor living takes center stage with a large screened porch overlooking the backyard, creating the perfect place to relax and enjoy the surrounding nature. The expansive deck and above-ground pool with surrounding sun deck provide exceptional space for entertaining family and friends all summer long. Whether hosting gatherings, enjoying morning coffee, or spending evenings under the stars, this property was designed to be enjoyed both indoors and out. Additional highlights include two detached storage buildings providing exceptional versatility. The larger 389-square-foot wired outbuilding offers tremendous flexibility and features two separate entrances, including a convenient ramped entrance for easy access with lawn equipment and recreational vehicles. Whether used as a workshop, hobby space, storage area, or future project space, this building provides exceptional functionality. An additional 83-square-foot storage shed offers even more room for tools, lawn equipment, and seasonal items. Rarely does a property offer this level of flexibility, outdoor living, and privacy while maintaining such convenient access to shopping, dining, healthcare, and major commuter routes. If you've been searching for a home with separate living quarters, room to spread out, and a peaceful 1-acre setting, this Mint Hill gem deserves your attention. Interior photos and additional details coming soon. More information to follow as this exceptional property prepares to hit the market.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
