Lancashire Ln, Pinehurst, NC 28374
3 beds · 2 baths · 2,130 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Experience stunning golf course living in this beautifully maintained 3 bedroom, 2 bath home nestled on a spacious and private lot overlooking the 11th and 12th greens of the Seven Lakes South Course. Step inside to an inviting split-bedroom floor plan featuring vaulted ceilings in the living room, fresh interior paint, and brand-new carpet in all bedrooms. The updated primary suite offers a peaceful retreat with a walk-in closet and a refreshed bathroom design. Enjoy the panoramic views from the Carolina room, a perfect space for relaxation and entertaining. Outdoor living is just as impressive, with a brand-new deck perfect for morning coffee or evening gatherings as you take in the sweeping golf course views. Move in ready with thoughtful updates to include painted kitchen cabinets and new backsplash, new carpet, interior paint, new shower in primary bedroom, new deck, new flooring in Carolina room and roof replaced in 2020. Come enjoy all of the amenities that this gated Lake and golf community has to offer. 7 spring fed crystal clear lakes, with sandy beaches and grilling and recreation areas, marina, boat and boat storage, horse stables, 18 hole golf course, country club and private fitness and indoor pickleball courts!
Source: NORTHCAROLINAREGIONAL #100504942
Source: NORTHCAROLINAREGIONAL #100504942
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.