232 Morgans Branch Rd Belmont, NC 28012
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About this home
Located in the desirable Morgan’s Branch neighborhood, this 2016-built home offers 3 bedrooms, 2.5 bathrooms, and just under 2,600 square feet of living space. The property features a fully fenced backyard, front porch, and a balcony overlooking the community pool. Extra parking is available directly across the street, and the neighborhood includes boat and RV storage for residents. Centrally located between Lake Wylie and Belmont, NC, this home is just 4 minutes from Harbortowne Marina, 2 miles from the nearest public boat ramp and South Point Beach Park, and 6 miles from downtown Belmont, known for its charming shops, restaurants, and small-town appeal. This home has been freshly painted with a new AC unit replaced in 2024, and is ready for you to make it your own. The main level offers a welcoming sitting room, half bath, and a spacious living area with a gas log fireplace. The kitchen is a standout feature with a large island, walk-in pantry, and abundant upper and lower cabinetry for storage. There’s also a dedicated dining area, making this the perfect floor plan for entertaining. Upstairs, the primary bedroom showcases a beautiful accent wall and plenty of natural light. The primary bathroom includes a large shower, spacious walk-in closet, and direct access to the laundry room. Two additional bedrooms offer generous space and storage. With its modern comfort, great community amenities, and prime location near Lake Wylie and downtown Belmont, this home is truly move-in ready.
Source: CANOPYMLS #4313779
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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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