203 Farmstead Loop Moyock, NC 27958
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About this home
Charlotte Model, 9 ft ceilings, neutral color throughout for easy decorating. Pristine Condition, move in ready. Upgraded LVP in living areas, see upgrade list in documents for additional information, so much to see. Open floor plan down; dining room with closet/storage and dual access to hall bathroom. Open great room to kitchen with floating built-in shelving that surrounds the 48'' electric linear fireplace. Kitchen has quartz counter tops, and a deep sink in island, 2 stoves and microwave. Shiplap range hood, over/under cabinet lighting. Deluxe cabinetry with soft close drawers throughout. Large kitchen eat in area with tons of natural light. 4 Season room, with screens/windows for year-round enjoyment. Extended patio 15x40 for all your outside fun. There is a pass-through mudroom with rear yard access and full bath. To make things even better, you will find an entertainment room (Multi-Generational Room) with additional closet/storage downstairs. Upstairs you will be enchanted when you access the primary bedroom and ensuite. Primary bath has Brioso freestanding Soaking Tub, dual showerheads and Raincan showerhead, along with dual sink vanity, plus a huge primary closet. The Primary bedroom has high vaulted ceiling and great square footage for all your furniture. There are 3 additional bedrooms and hall bath upstairs. 4th bedroom could be either the Multi-Generational Room down or the large room upstairs, both have closets. The house has tankless hot water heater, wired for portable generator. Sprinkler front and rear yard and Solor panels to save you money; please request documents on billing for electric from LA. SOLAR CONTRACT TO BE PAID OFF AT CLOSING BY SELLERS. Christmas light package, 400 amp service, all this to make your life easier.
Source: NORTHCAROLINAREGIONAL #100510891
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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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