121 Mercer St Mooresville, NC 28115
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About this home
Welcome home to 4 year young beauty located in the Mercer Community. Featuring a charming rocking chair front porch and a peaceful, tree-lined backyard, this home perfectly blends comfort and style. The home's open floor plan and spacious chef’s kitchen will impress with stainless steel appliances, quartz countertops, a large island with seating, gorgeous pendant lighting and pantry. Perfect for entertaining. Natural light fills the open floorplan, highlighting the spacious living room, dining area, and versatile office/flex space on the main floor. Just off the kitchen, you’ll find a spacious two-car garage equipped with rubber matting for easy cleanup and garage maintenance, as well as heaters in garage to add to the comfort. Upstairs, retreat to the luxurious primary suite complete with dual sinks, a garden tub, separate shower, and generous walk-in closet. The second floor also offers two secondary bedrooms, a cozy loft space for movie or game time, full bathroom, laundry room, and convenient access to the home's utility center. Located just 5 minutes from charming Downtown Mooresville, you’ll enjoy easy access to highly rated schools, local shops, restaurants, and everything this vibrant community has to offer. This beautiful Mercer home is a MUST SEE!
Source: CANOPYMLS #4310167
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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.