3057 Westminster Rd Lumberton, NC 28360
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About this home
Allow yourself to step back in time when neighbors looked out for neighbors, when children felt safe to ride their bikes through the neighborhood, and when an impromptu yard sale would turn into a community event. If that warms your heart then you'll be in Love with 3057 Westminster Road. But you don't have to step back in time. Because, Mayfair subdivision still has those qualities. A neighborhood ideal for raising a family, some homes have been renovated and updated bringing property values as well as family values into the 21st century. With just under 2400 sq ft., 3057 Westminster Road has 3bedrooms, 2bathrooms, and sits on a 1/2 acre lot with mature landscaping. Once inside the home the open floor plan is quite spacious. You can Welcome guests and prep snacks without missing any game time. Or Take time to relax in the fully enclosed sunroom(Carolina room)with a newly installed mini split HVAC unit for heating and cooling. The recent updates to the kitchen including the lighting, skacker style kitchen cabinets with soft close doors, cranberry granite countertops, and bead board island are simple in design yet present very well adding a warm elegance to the space as a whole. Down the hallway you have 2 bedrooms, one on each side with a sizable linen closet and hall bathroom which also includes your laundry area. The Master bedroom has his and her bathroom vanities with a new tub/shower combo. When you're not spending time in the garage get outside and live a little in the backyard. From lawn equipment to a dedicated she shed, you definitely have options with the 17 x 8 detached storage buiding behind the home. If knowing who your neighbors are is high on your list, or enjoying quiet nights by a steady fire then don't delay. Schedule a showing and see why you belong at 3057 Westminster Road.
Source: TRIANGLEMLS #LP752707
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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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