2005 Dunsmore Ln Waxhaw, NC 28173
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About this home
Price improvement! Motivated sellers are ready to make a deal! Welcome Home! Discover this beautifully maintained 4-bedroom, 2.5-bath home offering 2,600 sq.ft. of inviting living space in one of Waxhaw’s most desirable locations! From the moment you step inside, you’ll be impressed by the rich hardwood floors that flow throughout the main level and the bright, open layout designed for both comfortable living and effortless entertaining. Enjoy a formal living and dining areas perfect for gatherings, and a spacious family room with a cozy fireplace that invites relaxation. The updated kitchen is a true centerpiece, featuring gleaming granite countertops, stainless steel appliances, ample cabinetry, and a sunny breakfast nook overlooking the backyard. Upstairs, retreat to the oversized primary suite complete with a comfortable sitting area, an expansive walk-in closet, and a tastefully renovated bathroom. The secondary bedrooms are generously sized, each with its own walk-in closet, providing ample space for everyone. This home has been meticulously cared for and thoughtfully updated to ensure your peace of mind: 2024 HVAC, 2021 roof replacement, 2023 French drain installation, 2020 water heater replacement, and a brand-new concrete driveway. Step outside and enjoy the relaxing outdoor space, ideal for weekend barbecues, or simply soaking in the serene surroundings of this sought-after Waxhaw community. Conveniently located close to shopping, dining, and highly rated schools, this property offers the perfect blend of comfort, style, and convenience. With its beautiful updates, spacious floor plan, and prime location, this Waxhaw gem truly checks all the boxes! Don’t miss your chance to make it your own, schedule your showing today, and bring your best offer!
Source: CANOPYMLS #4280309
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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.