PRICED TO SELL! SEE UPDATED PHOTOS of Primary bedroom updates! Preferred Lender offering FREE RATE BUY DOWN to qualified buyers, reach out for details. Welcome to this beautifully maintained 4-bedroom, 3.5-bath home tucked away on over half an acre in a quiet cul-de-sac in highly sought-after Wynfield. Backing to mature woods with an incredibly private setting, this property offers the perfect combination of space, privacy, and convenience in one of Huntersville’s most desirable communities. With just under 3,000 sq ft, this home features 3 fireplaces, newer hardwood flooring throughout the first and second floors, brand new hardwoods in the primary suite, and new LED flush mount lighting throughout all three floors. Spacious living areas include a large living room with fireplace, formal dining room, and a primary suite complete with its own fireplace, walk-in closet, and bonus room perfect for an office, nursery, or additional storage. A spacious third-floor flex space offers the ideal setup for an expansive bedroom, bonus room, media room, or playroom. Enjoy the oversized newer multi-level back deck overlooking the huge, exceptionally private backyard surrounded by mature trees and landscaping, creating the perfect setting for entertaining, gatherings, or relaxing outdoors. The newer fully fenced backyard provides added privacy and functionality, while recent exterior improvements including brand new walkways and driveway enhance both curb appeal and convenience. Additional highlights include a temperature-controlled (heated and cooled) oversized 2-car garage with abundant storage, new garage doors, a 2021 roof, 2023 water heater, new vapor barrier in the crawl space, and a large driveway with room for multiple vehicles. Beautiful mature landscaping and inviting curb appeal complete the exterior of this exceptional home. Wynfield residents enjoy exceptional amenities including a newly remodeled pool house and clubhouse, tennis courts, pickleball courts, basketball court, playground, and community pool. Conveniently located just off Gilead Road with quick access to shopping, dining, and I-77 only minutes away.
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.
