Comfortable! Spacious! Classic! These are the words that come to mind when you enter the home located at 3020 Pooveys Chapel Church Road. This home has been well loved! Originally built in 1967 and updated and expanded in 2020, you'll find room to grow inside and out! The addition was not just a primary bedroom but an owner's retreat, complete with a spa like bathroom with walk in tiled shower, a soaking tub and his and her vanities. The custom vanities are rich in color and feel. Owner's retreat also has a roomy walk-in closet and a "flex space" that is perfect for an office, a home gym or even a nursery! Three other bedrooms share the two hall bathrooms! Space for everyone! The flow of the kitchen, dining and living area makes for easy living! When you invite guests over you can imagine everyone will be right in those spaces. The 11 acres that come with this home are also spacious and classic! When you own 11 acres you should also have some fencing, raised gardens, two driveways, a creek, a barn that is perfect for cows or horses and a super cool tree house/doll house! Fruit trees and blueberry bushes are spread throughout the property ready to enjoy year after year! There are two wells on the property as well. Perfect for watering plants and animals. One of the wells is working and the other can be working again. Over 1500 square feet of garage space. A 2-car garage on the main level and another 2-car garage in the basement! Pooveys Chapel Church Road is a publicly maintained county road that does not see a whole lot of traffic. Hudson, NC is in Caldwell County which is located at the foot of the Blue Ridge Mountains. Easy access to Boone, NC to the north and Hickory and Charlotte to the south. A relaxed area that makes the perfect place to live, work and play! Make an appointment to see this well-crafted home and property today!
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.
