3715 Martha Ln N Wilson, NC 27896
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About this home
*Seller is offering $ 5,000 in Flex Cash. This can be used for closing cost or for a rate buy down* This four-bedroom, three-and-a-half-bath home offers 2,633 square feet of living space and has been refreshed with updates that combine comfort and practicality. Refinished hardwood floors highlight the main living areas, while new carpet in the bedrooms and freshly painted walls create a clean and welcoming feel. The kitchen has been improved with new appliances, excluding the refrigerator, durable LVP flooring, and new granite countertops that add both style and function. The floor plan includes two primary bedrooms, each with its own newly tiled shower, offering flexibility for a variety of living needs. Every bathroom has also been updated with upgraded vanities topped with cultured marble or granite, creating a consistent and lasting finish throughout the home. Outdoor space has been enhanced with a newly poured concrete patio that extends the living area and provides a comfortable setting for everyday use or casual gatherings. At the back of the property, a small building wired for electricity offers additional utility for storage, workspace, or other needs. With its thoughtful improvements, modernized kitchen, and versatile design, this home brings together space and function in a convenient Wilson location.
Source: NORTHCAROLINAREGIONAL #100530487
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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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