11136 Scrimshaw Ln Charlotte, NC 28215
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About this home
Bright & Spacious home on a peaceful & shaded corner lot. Home is located in the family friendly Bradfield Farms Community with outdoor pool, game court, and playground to enjoy! Home is just outside the I-485 loop getting you all around the Charlotte area for any commuting needs. Home welcomes you in with charming curb appeal. Covered front porch is the perfect place for a new porch swing to enjoy morning coffee or enjoy relaxing on the back deck that overlooks the fully fenced in yard w/ mature trees ensuring you've got the perfect spot to host family & friends year-round. Inside you'll find a large living room w/ LVP flooring & wood-burning fireplace leading into the breakfast nook & kitchen. Kitchen has matching S.S appliances + tons of white wooden cabinets and a fully pantry providing plenty of storage. Formal dining room w/ recessed lighting could be a home office area near entrance as well. Upstairs the primary bedroom suite has vaulted ceiling and attached full bath w/ separate soaking tub & stand-up shower + walk-in closet. 2 additional bedrooms + full hall bath great for guests. Additional oversized bonus room could be bedroom 4 with walk-in attic storage space and closets. Come see if this beautiful home is right for you and your family!
Source: CANOPYMLS #4313274
Loan details
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.