187 J Morgan St Forest City, NC 28043
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About this home
Welcome to this beautifully updated one-story brick home lovingly nicknamed "Brickster" with a full finished basement, ideally located near downtown Forest City. Built in 1956, this mid-century modern home blends timeless charm with modern updates throughout its 3,392 sq. ft. The main floor features three bedrooms and two full baths. One bedroom is currently being used as an office and has double barn doors that open to the living room as well as a door that can be accessed from the hallway. A spacious living room with a stacked stone wood burning fireplace, a formal dining area, and a laundry chute for added convenience. Hardwood floors throughout. The kitchen was fully remodeled in 2025 and showcases granite countertops, new natural gas range, wall oven, pantry, dishwasher, large workstation sink, stainless hood, recessed lighting and LVP flooring — while keeping the home’s original charm with 12 feet of slanted windows overlooking the front yard and a stacked stone accent wall. The finished basement offers an additional living room with a brick wall and wood-burning fireplace (has gas logs but gas has been disconnected) , built-in cabinets and full-size refrigerator. 1 Bedroom, and a remodeled 2024 bathroom, plus a recreation/flex room and laundry room. A walk-out entrance provides easy access to the backyard. There is a small creek at the edge of the property. Set on a .6-acre wooded corner lot, this home offers privacy while being minutes from shops, schools, and restaurants. Enjoy watching as the deer visit the property daily. New central A/C (2025), new gas hot water heater (2021), New roof and windows (2011). A perfect blend of mid-century character and modern living. Furnishings are not included but are negotiable. Owner is Agent / NC Licensed Real Estate Broker
Source: CANOPYMLS #4313150
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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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