2701 N Main Ave, Newton, NC 28658
2 beds · 1 baths · 1,485 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This beautiful brick home, built in the late 1930s, is packed with character you won’t find in newer homes. Located between downtown Conover and Newton, it features glass doorknobs, wood floors, & some vintage chandeliers. Enjoy relaxing on the perfect rocking chair front porch these summer evenings. The unique masonry detail in the entry arches and granite window ledgers is another feature that sets this home apart. Inside, the spacious layout offers a large dining area open to the kitchen, which boasts fresh updates including painted cabinets, newer appliances (dishwasher within 1 year, stove & refrigerator 3 years), updated lighting, and new floors. The remodeled bathroom adds a modern touch where it counts. For extra storage, the unfinished basement has plenty of potential. Plus, most of the windows were replaced just three years ago! Don’t miss your chance to own this cutie! Come get it before someone else does! **Seller is also offering a ONE YEAR HOME WARRANTY!**
Source: CANOPYMLS #4244269
Source: CANOPYMLS #4244269
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.