1079 Laurel Ln Gastonia, NC 28054
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About this home
Renovated End Unit Townhouse with NO HOA is ready for it's new owner. Enter in this lovely home and find new LVP floors that flow through most of the home. The breakfast area has a bay window, crown molding and is open to the updated kitchen that features granite counter tops, stainless steel appliances, 42" cabinets and a window with views in the the dining area and living room. The large open concept living room has 2 story vaulted ceilings and is open to the dining area. The primary suite is on the main level and has a walk in closet and a private bathroom with dual sinks, soaking garden tub, and a walk in tile shower. The launder room and half bathroom complete the first floor. The 2nd floor has all new floor and the open loft with views to the living is a great multi-purpose space with endless possibilities. The 2 spacious secondary bedrooms and a renovated full bathroom are also located on the 2nd floor. Relax or entertain in the rear fenced in yard with extended patio and fire pit area. Storage building just outside the fence is also included. Some other upgrades include new light fixtures, new windows, HVAC is about 5 years old, roof is about s10 years old and water heater is 2 years old. This great location is just minutes from everything you need like shopping, restaurants, mall, highway and everything Gastonia has to offer.
Source: CANOPYMLS #4311597
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FAQs
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.
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