154 Briar Patch Ln Trenton, NC 28585
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About this home
$10,000 USE AS YOU CHOOSE! Experience peaceful country living with this beautifully maintained 3 bed, 2.5 bath modular home situated on 12.67 acres in Trenton, NC. Perfect for horse lovers, this property is a fully equipped horse farm featuring fenced pastures, corrals, a 2-stall mare motel, and a 7-stall barn with tacking station and additional space for more stalls. Also included is a spacious 3-bay metal building for all your storage or workshop needs. Inside, you'll find a split floor plan that offers both space and privacy. The kitchen is a chef's dream with stainless steel appliances, ample cabinetry, and counter space ideal for entertaining. The primary suite includes a walk-in closet and a large en suite bath with double vanities, a corner soaking tub, and a stand-alone shower with linen closet. Two additional guest bedrooms are located on the opposite end of the home with a full bathroom in the hall. A cozy living room sits adjacent to the kitchen, complete with a built-in desk. As you enter the home, you're welcomed by a den and formal dining room, perfect for gatherings. Upstairs, enjoy a spacious bonus suite that stretches the length of the home and includes multiple storage closets—a flexible space ideal for a media room, game room, or home office. Outdoor living shines with a covered front porch for relaxing sunsets, and a large back deck perfect for BBQs that overlooks an above-ground pool. Located just 20 minutes to New Bern and 30 minutes to Jacksonville, this stunning property combines comfort, functionality, and convenience.
Source: NORTHCAROLINAREGIONAL #100529525
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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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