Welcome to 11121 Nolet Court, a beautifully maintained home perfectly positioned on a quiet cul-de-sac lot in the Brawley Farms neighborhood in East Charlotte. This charming property offers an exceptional blend of comfort, functionality, and location—making it an excellent choice for homeowners and investors alike. From the moment you arrive, you’ll appreciate the welcoming curb appeal and peaceful setting that this low-traffic street provides. The home’s layout is designed for both everyday living and entertaining, with thoughtfully connected living spaces that flow seamlessly from room to room. Natural light fills the interior, creating a warm and inviting atmosphere throughout. The main living area offers flexibility easily accommodating everything from intimate evenings at home to larger gatherings with family and friends. The open flow into the kitchen keeps everyone connected, whether you’re preparing weeknight meals or hosting special occasions. The kitchen provides ample cabinet storage, generous counter space, and an efficient layout that supports both functionality and flow. The primary bedroom is a true retreat, offering a comfortable and private space to unwind at the end of the day. Additional bedrooms provide versatile options for guests, a home office, workout room, nursery, or playroom—allowing the home to adapt as your needs evolve. Bathrooms are well-appointed and designed for both convenience and comfort. Step outside to enjoy the private backyard—an ideal setting for outdoor living. Whether you envision grilling, relaxing with a morning coffee, gardening, or creating your own outdoor entertaining space, this yard offers excellent potential. The cul-de-sac location enhances privacy and adds to the overall peaceful feel of the home. One of the standout features of this property is its prime location. Situated just minutes from shopping, dining, grocery stores, schools, and major commuter routes, this home offers easy access to I-485, I-85, and Uptown Charlotte. Whether you’re commuting for work, enjoying nightlife, or running everyday errands, everything you need is conveniently close.
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.
