302 Executive Dr Lillington, NC 27546
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About this home
This uniquely designed beauty offers over 3,600 square feet of style, space, and Southern comfort — and it’s gotten a glow-up just for you! Located in the esteemed Oakmont gated community, it boasts brand new carpet downstairs and fresh paint throughout. It's move-in ready and is truly one of a kind in the neighborhood. The curb appeal is instant — from the spacious front porch, perfect for rocking chairs, to the side-load 2-car garage. Out back, you’ll find a screened-in porch, a well kept shed, and a custom-designed pergola that was made for cozy evenings, al fresco dinners, or a little backyard magic under the stars.Inside, relax in the open concept plan perfect for entertaining! Upon entry you're greeted by a grand two story foyer that guides you direclty into the formal dining room, breakfast area and oversized living room with room enough for an oversized sectional. The primary suite on the main floor has custom rustic touches that give the room a pop of pizzaz! The en suite has a seperate soaking tub, shower and a huge walk-in closet. Upstairs are 4 spaciois bedroom and a grand bonus room that could be used as a flex space or anything you can dream of. The entire home is super versitile. You have to see it for yourself!Don't let this neighborhood exclusive pass you by! Schedule an appointment to see it TODAY!
Source: TRIANGLEMLS #LP747718
Loan details
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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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.