139 Clay St Fairview, NC 28730
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About this home
139 Clay Street in Fairview, NC sits at the very peak of Majestic Oaks subdivision w/gorgeous mountain & sunset views. This 3 bed/3 bath custom built home sits on just over .52 acres. Just a small enclave of homes w/friendly neighbors, easy access to 2 main grocery stores, restaurants, breweries, the local post office, & the Blue Ridge Parkway/Mountain to Sea trail. Only 15 minutes to downtown Asheville & just over the mountain from Lake Lure, this home sits centrally to outdoor activities, like hiking & finding a waterfall to swim in. Fairview is a small community just outside of Asheville w/ breweries & local favorites, like Hickory Nut Gap Farm store, where you can get grass fed meats and local fare. Just down the road is Flying Cloud Farm stand w/ organic produce or pick your own bouquet of flowers. You could even walk to a local restaurant, pub, pharmacy, market & dog grooming. Watch the clouds settle over the mountain top while you sit on your covered front porch & enjoy a glass of wine watching the sunset over the mountain OR cozy up with a hot cup of coffee & enjoy your screen porch on a cool mountain morning! All the custom stuff you want: quartz & granite kitchen countertops, cast-iron farm sink, custom mountain/bear themed stained glass cabinet windows created by local artist, Alan Hargraves, 5 burner gas oven/range, crystal chandelier lighting throughout home, & a jetted tub in primary bath, along with a luxurious walk in shower. The seller has spared no expense by having Carolina closets complete all bedroom closets in the home and the sellers have installed custom-made plantation blinds throughout the home, even in the garage.The walk in attic flex space can be finished for add'l square footage. This area would make a great game room or workout space...THIS HOME HAS IT ALL!
Source: CANOPYMLS #4308296
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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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