303 E 4th St Kannapolis, NC 28083
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About this home
Welcome to 303 E 4th Street, a beautifully renovated home in the heart of Kannapolis. Fully updated in 2023, this property blends modern upgrades with timeless charm, offering comfort, style, and convenience just minutes from downtown. Step inside to discover brand-new luxury vinyl plank flooring throughout the main living areas and fresh carpet in the bedrooms. The spacious living room is centered around a cozy electric fireplace, perfect for relaxing evenings at home. The updated bathroom features a modern design with a new linen closet for added storage. The kitchen is a true showpiece with marble countertops, a classic subway tile backsplash, new cabinetry, updated lighting, and all-new appliances—ready for both everyday meals and entertaining. Every detail has been thoughtfully chosen to create a bright, functional, and stylish space. Outside, enjoy your own private retreat. The fenced backyard features a patio with a built-in firepit, ideal for gatherings, and a tall privacy fence for peace of mind. A newly built 20x20 carport with a soaring 16-foot ceiling provides excellent covered parking. The front porch has also been refreshed, complete with a charming swing to welcome you home. This move-in-ready property is conveniently located close to downtown Kannapolis, where you can enjoy shopping, dining, and community events. With its extensive renovations, modern finishes, and inviting outdoor spaces, 303 E 4th Street is the perfect place to call home.
Source: CANOPYMLS #4306042
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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.