2485 Acadia Ct Kannapolis, NC 28083
Your savings
About this home
Beautiful 3bd/2ba RANCH home in MOVE IN READY condition-Easy access to I-85 and revitalized Kannapolis-Main St area. Cul-de-sac location w/ private .42 acre lot-partially fenced and Storage Shed. 2 Car attached garage w/ double driveway. Enter this lovely OPEN FLOORPLAN home with NEW LVP floors and NEW Paint throughout. Oversized Great Room offers windows with transoms for additional light, gas logs in fireplace, ceiling fan and open to the Dining Room and Kitchen. Dining Area looks out through the sliding glass doors to the private backyard and is adjacent to the large Kitchen that features SS appliances, White cabinets, Granite countertops, pantry, and eating area or room for a large island. The Primary Suite features a trey ceiling, huge walk-in closet, windows to the private backyard, and an Ensuite bath with shower/tub combo and linen closet for additional storage. Bedroom #2 is Vaulted with a ceiling fan and has a large double door closet. Bedroom #3 offers a walk-in closet and ceiling fan. Second full bath offers white cabinets, granite counters and a tub/shower combo. The two car attached garage offers garage door opener & keypad opener, access door to back yard, Pull down attic storage, and additional shelving for storage. Close to shopping, restaurants, I-85 access, and Main Street Kannapolis with the Cannon Baller Baseball field, Historic Gem Theater, lots of restaurants, shopping and community activities. Yard is partially fenced and lot is bigger than what is fenced. Storage Shed included in sales price.
Source: CANOPYMLS #4309384
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.