1661 Reno Sharps Store Rd, Bear Creek, NC 27207
3 beds · 3 baths · 2,272 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to a serene slice of Bear Creek, NC, offering over 2,200 sq ft of inviting living space nestled on 7.3 picturesque acres. This 3-bedroom, 2.5-bath home with the perfect office, blends rustic charm with modern comfort, featuring a vaulted ceiling kitchen that brings in natural light and adds a spacious, airy feel. Enjoy the outdoors like never before with multiple porches—a private balcony off the upstairs primary suite, a covered front porch perfect for rocking chairs, a back porch for relaxing, and a deck ideal for grilling and entertaining. The land offers abundant beauty and utility, with a pond and mature peach, apple, pear, and pecan trees. Across the road you'll find the rest of the acreage where you can walk down to the creek, light up the fire pit, and enjoy the serene privacy. There's more- A powered workshop and a pole barn provide ample storage and workspace, while well and septic systems support self-sufficient country living. This is more than just a home—it's a peaceful retreat with room to grow, garden, fish, and live your best rural life. Don't miss this unique opportunity to own a beautiful piece of North Carolina countryside.
Source: TRIANGLEMLS #10094763
Source: TRIANGLEMLS #10094763
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.