314 Narwhal Ct Fayetteville, NC 28314
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About this home
LAKEVIEWS + $5000 USE AS YOU CHOOSE CONCESSION + HOME WARRANTY + FRIDGE + WASHER & DRYER!!!Nestled in serene surroundings on a quiet cul-de-sac in one of Fayetteville's most iconic neighborhoods...Water's Edge houses are known for their unique architectural style, and the convenience of being centrally located in the heart of town - while feeling like you're miles away from it all! There's so much to love about this 3 bedroom, 2 bathroom home with new paint & LVP flooring, renovated bathrooms, updated lighting, and over 1600 square feet of space. The open-concept floor plan is centered around the stylish, sunken-living room which features soaring vaulted ceilings, an abundance of natural light shining in through the tall windows, and an actual wood-burning fireplace perfect for keeping warm and cozy this winter. The French doors lead out to your private balcony oasis. Imagine yourself out here sipping coffee in the mornings or unwinding with a refreshing drink & grilling some dinner while appreciating the scenic lake and wooded views.There's still plenty more to love including the large greenhouse window perfect for growing plants or herbs and two versatile spaces with endless possibilities for use. The first one is located under the stairs and could be used for storage or converted to a play area for small children or into a doggie den. The second space is upstairs and could also be used for any of the previously mentioned purposes, or a small office/reading nook, etc. The possibilities are endless. Also upstairs is the Primary suite which features a newly renovated bathroom and dual closets...a true private retreat! The other two bedrooms and full bathroom are located downstairs. Additional updates include: new driveway 2 years ago. new roof & HVAC in 2019. Act quickly to make this charming house your new 'home sweet home' because with the unbeatable combination of price point, location, recent updates, and great incentives it won't be on the market for long!
Source: TRIANGLEMLS #LP751863
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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.