254 Pedernales Dr, Smithfield, NC 27577
3 beds · 2 baths · 1,452 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Looking for a beautiful home away from the hustle and bustle of the city and with room to enjoy nature, privacy, friends and family?...Well, this home is just what you are looking for! You have to see this beautiful one story 1452 square foot home on 1.05 acres of land with three bedrooms, two bathrooms, and a two-car garage in desirable Arrowhead Pointe subdivision of Smithfield in Johnston County outside of the city limits in the serene countryside of Johnston County off of Cleveland Road. This home has so many desirable features like the open floor planin the living space of the kitchen, dining area and living room area. The living room has a warm and beautiful fireplace with gas logs and soaring vaulted ceilings. There is a idealic screened-in porch off the living room which overlooks the picturesque back yard. Step down from the screened-in porch onto an enjoyable ample sized patio where you can enjoy sunrisesm, sunsets, entertaining, grilling, reading, playing and observing nature. There is a wonderful, spacious primary bedroom which has lofty vaulted ceilings, a large walk-in closet with built in shelving and an elegant ensuite bathroom which features dual vanities, a large soaker tub and a separate walk-in shower. The home has two additional nicely sized bedrooms, a second hall bath which has dual vanities and a nice tub/shower. The great, useful attached front entry two-car garage has an entry directly into the kitchen which is so nice for bringing in groceries, shopping items, and other items without being exposed to the outside weather. Enjit leisurely days rocking on the relaxing and sipping something on the rocking chair front porch while looking out over the beautiful front yard for you to love. So, with all this, come see this home and fall in love with your new home castle! Son't miss it! Make this one yours!
Source: TRIANGLEMLS #10083078
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: TRIANGLEMLS #10083078
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.