2029 Government Rd Clayton, NC 27520
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About this home
Introducing a True Craftsman Beauty on a Spacious 0.5 Acre Country Lot! Welcome home to this stunning, like-new gem, offering 3 generously sized bedrooms, 2.5 baths & a spacious open-concept layout designed for modern living. Nestled on a peaceful half-acre lot with No HOA and No City Taxes, this property provides the perfect blend of charm, convenience & comfort. Inside you'll find an inviting main floor featuring luxury vinyl plank & tile flooring throughout (NO carpet!), shiplap walls & abundant natural light. Open living space centers around a cozy gas fireplace & flows seamlessly into the dining area & designer kitchen. The kitchen boasts white shaker cabinets, granite countertops, tile backsplash, stainless steel appliance package, pendant lighting & large island for entertaining. Upstairs, you'll discover 3 bedrooms, including an impressive owner's suite with walk-in closet, dual vanities, private water closet & custom-tiled shower. Large bonus room with shiplap dry bar & beverage cooler provides the ideal flex space for relaxing or hosting guests. Enjoy outdoor living in the fully fenced backyard complete with 6-ft vinyl privacy fence, stamped concrete patio, hot tub & fire pit...perfect for year-round enjoyment. Oversized 2 car garage features an EV charger, while an RV/camper charger is conveniently located in the driveway. Additional highlights include: Custom wood shelving in all closets, Ceiling fans in all rooms, Laundry room AND utility room, Top-rated school district & Only a 5 year old home! All this, with easy access to I-40, NC-42, Hwy 70 Bypass, I-540 & the 40/42 area for shopping, dining & more. Don't miss out on this rare opportunity to own a meticulously maintained home with high-end finishes & plenty of space to spread out!!
Source: TRIANGLEMLS #10114516
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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.