12982 Us Highway 19w Burnsville, NC 28714
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About this home
*MOTIVATED SELLERS* BRING OFFERS! NICE 2bd, plus office, 1 bath home, PLUS 62 ACRES, with newly built, large deck, gazing over THE CANE RIVER and LONG RANGE Blue Ridge mountain views! Sounds of the sprawling river are breathtaking! Land is filled with many species of trees, plants, and wildlife winding along the logging road! FISH, HUNT, SWIM, HIKE, or TRAIL RIDE on YOUR own property! Building spots and possible long range views in various places for PRIVATE cabins, tiny homes, or camping areas. The tastefully updated home is perfect for your Primary, 2nd home, or use as a short term rental. Enjoy the remodeled kitchen with newer appliances! Sit by the warm gas fireplace on cold winter nights! Spacious extra room for an office/nursery. Equipped with whole house dehumidifier and a spring filtration system with UV light. About 12 mi. to Burnsville Town Square and a short drive to The Appalachian Trail! The kitchen's 137sq ft is not counted because of ceiling height is just under 7ft at 80 inches, 6ft 6.6 inches.(Sq ft rules) The land is under Forestry Management lowering taxes! The home is not in a flood zone.
Source: CANOPYMLS #4234088
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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.