1435 E Hedgelawn Way Southern Pines, NC 28387
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About this home
Welcome to your own private oasis! Not only is this perfectly located close to downtown Southern Pines on 2.5 acres it also has a sub three percent assumable mortgage. This stunning 4-bedroom, 3-bath home has been completely remodeled to blend timeless charm with modern comforts. From the moment you pull into the circular driveway and see the inviting front porch framed by mature trees, you'll know this home is something special. Step inside to a beautifully updated interior featuring wide-plank hardwood floors, a cozy stone fireplace, and a show-stopping kitchen complete with granite countertops, soft-close cabinets, a butcher block island, and designer lighting. The open-concept layout flows effortlessly into the living and dining areas, perfect for entertaining or everyday life. Retreat to the spacious primary suite with a spa-like bathroom and dual vanities. The upstairs bonus space is ideal for a home office, media room, or guest retreat. Every detail throughout the home has been thoughtfully curated, from the custom cabinetry to the fresh, neutral palette. Outside, your backyard paradise awaits—complete with a fully fenced in-ground pool, lounging patio, and plenty of yard space to roam, garden, or play. Additional highlights include a large laundry/mudroom, ample storage, and the peace and privacy only a large lot can offer. Move in knowing the roof and hot water heater were all replaced in the last two years. Whether you're relaxing poolside or hosting friends under the Carolina sky, this home offers the lifestyle you've been dreaming of—just minutes from town, but worlds away from the hustle.
Source: NORTHCAROLINAREGIONAL #100523561
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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.