This home is the "KENT" featuring 4 bedrooms and 2.5 baths in the FAMILY FRIENDLY and desirable Highcroft community. It is perfect for your family! Upon entering you will be greeted by a open concept with great room with fireplace leading into the dining area and opening up to a STUNNING kitchen with granite counters, plenty of cabinets & stainless steel appliances in which the dishwasher is brand new. The kitchen also features a large island and coffee bar beside the refrigerator. The primary bedroom is located downstairs with 3 large window for maximum sunlight and a spacious walk in closet. The primary bath features double sink vanity, walk in shower, and a deep garden tub for enjoying a relaxing soak. In the hallway exiting the primary bedroom you will find a spacious laundry room with and exit to the 2 car garage and 1/2 bath next to the laundry room. Making your way upstairs you will enter into the loft area with banisters over looking the great room. The loft features in floor outlets as well as wall outlets for all of your electronics. You will also find a full secondary bath featuring a double sink vanity and 3 secondary bedrooms. A large storage/utility area is located off of one of the bedrooms which houses the air handler for the HVAC system. Outside you will find this home has a covered front porch as well as a covered rear patio with gutter wrapped around the whole home. This home is situated on a corner lot and features a privacy fence. Don't miss the chance to make this home yours today. For any question contact the listing agent @ 704-674-9481. Close to POST, SHOPPING, HOSPITALS, RESTAURANTS and MORE!!!
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.
