346 Cornielle Ln Charlotte, NC 28216
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About this home
Charming and move-in ready, 346 Cornielle Lane offers modern living in the Ravenridge community of Charlotte. This two-story home features 3 bedrooms and 2.5 baths with a layout designed to make daily living effortless and comfortable. The main level welcomes you with an inviting family room that flows into a spacious dining area and kitchen equipped with all appliances; Making it the perfect setup for gathering and entertaining. The kitchen boasts a large island with seating, abundant cabinetry, and natural light that brightens the entire space. You’ll also find a convenient laundry area and half bath nearby for functionality and ease. Upstairs, the primary suite provides a relaxing retreat with its private bathroom and ample closet space. Two secondary bedrooms are connected by a dual-entry bath, offering both privacy and convenience for family or guests. *** SELLER-ACCEPTED OFFER PENDING LENDER APPROVAL. SHORT SALE IN PROGRESS.*** Step outside to enjoy a covered front porch and a peaceful backyard, ideal for quiet mornings, casual evenings, or weekend cookouts. Thoughtful landscaping and curb appeal make this home stand out before you even step inside! Perfectly situated between two major interstates, shopping, and dining, this home makes it easy to get anywhere in the Charlotte metro area.
Source: CANOPYMLS #4311136
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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.