1328 Masterpiece Dr Hope Mills, NC 28348
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About this home
Come explore this gorgeous 4 bedroom/2.5 bathroom home in the desirable Gray's Creek School District! Downstairs you will find a semi-open floor plan with vaulted ceilings and a cozy gas fireplace for those chilly days, in the living room. The kitchen features stainless steel appliances, plenty of counter space, a breakfast nook, and bar seating for 2-4 chairs. A flex room with glass, French doors can be used as a formal dining room, office, playroom, etc. The large master bedroom w/spacious ensuite that features dual vanities, large jetted tub, and a walk in closet with plenty of storage is downstairs as well. Updated laundry room and half bath complete the downstairs.Upstairs you will find 3 additional bedrooms, a spacious open loft/flex area, and bathroom with dual vanities and shower/tub combo.Enjoy your time in the back yard with a privacy fencing, a large covered back patio area, playset, and separate patio area. The sunsets are gorgeous in this area!A very short commute to the middle and high school, playground, and splashpad. A short drive to I-95, Dirtbag Ale w/dog park and Farmer's Market on Sundays, Ft. Bragg, restaurants, and shopping! Water heater, upstairs HVAC, garage door, and dishwasher all recently replaced. Most of the interior freshly painted. Sellers are offering a $4,000 concession to use for carpets, upgrades, closing costs, or however you choose.
Source: TRIANGLEMLS #LP753251
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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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