2906 Brentwood Dr N Wilson, NC 27896
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About this home
Don't miss out on this wonderful classic beauty with many updates. The long covered front rocking chair porch welcomes you home. 9 Foot ceilings downstairs add a sense of spaciousness. There's lots of attractive trim with chair rail and crown molding. The extensive great room extends from front to back and has an attractive fireplace with wooden mantel and attractive accents. A set of double glass doors lead out to the oversized deck that overlooks the fenced back yard. There is a separate formal dining room. The white kitchen is highlighted by stainless appliances, raised panel cabinet doors and a bay breakfast alcove. Upgraded laminate floors in foyer, formal dining and kitchen areas. Downstairs powder room has upgraded ceramic tile floor. Bonus room over the garage features skylight and cathedral ceiling. Primary suite has a roomy walk-in closet and double vanity. There are two additional bedrooms upstairs and a secondary bathroom. New carpet just installed throughout entire upstairs areas! Covered side entry into home. Attached front entry garage with door into home. Extra parking pad next to garage. Lots of storage and so convenient to schools, shopping, recreation, restaurants and more. Seller has requested no ''subject to existing mortage offers'' as they will be rejected immediately.
Source: TRIANGLEMLS #10106025
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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.