4901 North Pt, Sanford, NC 27332
3 beds · 2 baths · 1,224 sqft
Get a free consultation call with an expert in the mortgage assumption process.
$3000 in seller paid closing costs! Nature Lovers dream, this 3 bedroom ranch overlooks a dense, lush wooded area behind the home, that hovers over the pond beneath it. Enjoy seeing the birds and hearing natural frolic in the forest while sitting out on the back patio, soaking in the morning sun. This ranch style home provides a primary bedroom and bath on the main floor, with family room and eat in kitchen sharing the remaining space on the main floor. This home has plenty of windows to let in sun throughout the day, the main living area is always so bright and cheery! With a full walk out basement, this home has 2 additional bedrooms, full bath and laundry room on the lower level, which seamlessly walks you out to the fenced back yard with built in dog kennel. In the afternoons, enjoy the warm sunsets on the front porch, while sipping your sweet tea. Split unit heat/AC added in 2021, shed with electric and metal car awning added in 2018. Stair chair lift can convey with acceptable offer.
Source: TRIANGLEMLS #10080052
Source: TRIANGLEMLS #10080052
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.