1604 Bradley Dr Unit 29 Monroe, NC 28112
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About this home
Welcome to your perfect blend of country living and city convenience! This charming 3-bedroom, 2-bath home sits on a beautiful 1-acre lot with a flat, usable yard that's ideal for outdoor activities, gardening, or simply enjoying the peaceful surroundings. Inside, you'll find 1,560 square feet of comfortable living space featuring beautiful floors throughout. The attached 2-car garage provides convenient parking and additional storage. Garage doors are insulated and installed approximately 2 years old. New vinyl siding was also completed at that time. The backyard is truly an entertainer's dream! Relax on the nice patio sitting area, perfect for morning coffee or evening gatherings featuring a fully fenced in backyard making it ideal for outdoor fun. As a bonus, the property includes a large 1453 Sq ft 2-bay workshop perfect for hobbyists, DIY enthusiasts, or extra storage needs. Location couldn't be better! Enjoy the tranquility and country charm of your spacious property while staying conveniently connected to dining, shopping and entertainment. You're approximately only 40 minutes from Charlotte, and approximately 30 minutes or less from Matthews, Mint Hill, and Indian Trail. This is country living without the compromise. Schedule your showing today!
Source: CANOPYMLS #4320806
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Close stress-free in 45 days, handled start to finish by Roam.
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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.