2007 Sunnybrook Dr Burlington, NC 27215
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About this home
Updated large home features New Roof 2023, and All New Windows. New Bamboo Flooring upstairs, Beautiful Fireplace, and two spacious bedrooms upstairs and 2 full baths upstairs, and a bedroom and full bath downstairs. All flooring is luxury tile in bathrooms. Quartz flooring in the foyer. Updated kitchen with new cabinets and new countertops. Pull-outs in chef's kitchen. New laminate flooring throughout. No carpet! Fireplace in multipurpose room that can be as a formal dining room or great room. Large room on front of house can be used for a bonus room or a great room. Upstairs laundry. Sunroom features heat and built-in bar/wet area. Sunroom is not included in heated sq. ft. New upstairs laundry area. So many possibilities in this large home. The basement is heated and cooled. Basement features a large open room and a bedroom and full bath. Basement has a separate entrance, as well. Basement also features an unfinished workshop area separate or storage that is also heated and cooled. An old washer and dryer hook up is available also downstairs, if needed. This updated and well-maintained home has so much to offer to the lucky new homeowner!
Source: TRIANGLEMLS #10125874
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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.