142 Cottontail Ln SE Concord, NC 28025
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About this home
Property Sold by Estate. Step into elegance and comfort in this stately home located in the highly sought-after neighborhood of Hunters Pointe. This property offers an exceptional opportunity to join a beautiful, established community, nestled in a quiet setting with picturesque tree-lined streets, in a home with features that make it easy to create your personal retreat. As you enter, you'll be greeted by a two-story foyer and a grand staircase leading to five bedrooms, including a primary ensuite with a walk-in closet. The fifth bedroom offers flexibility, ideal for a home office, gym, or playroom. On the main level, in addition to the living, dining, and family rooms, enjoy a large eat-in kitchen with granite counters, a spacious central island with a breakfast overhang, an eat-in dining space, and a stainless steel appliance package, including a gas range—a chef's delight. Whether entertaining or relaxing, either is made easy with a large fenced-in backyard, complete with a fully covered back porch and attached deck. The two-car side garage and extra-large driveway offer plenty of parking for family and visitors alike. This home is not only a place to live but a lifestyle to embrace. Don't miss this rare chance to enter the lovely neighborhood of Hunters Pointe with this exquisite estate sale property. Welcome home!
Source: CANOPYMLS #4317848
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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.