3819 Oak Forest Dr High Point, NC 27265
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About this home
NEW GRANITE, NEW RANGE/OVEN, UPDATED HARDWARE & PRIMARY BATH FIXTURES. NEW upstairs HVAC. POPULAR Blairwood Estates home with one of the biggest lots in the neighborhood. 3 bed + BONUS ROOM and 2.5 baths. Updated kitchen features newer cabinetry with soft-close drawers, deep drawers for pots & spice drawer, farmhouse sink. Spacious butlers pantry for all your storage needs! Lots of seating at the island PLUS breakfast area. No carpet, lots of hardwood floors. HUGE screened back porch will be perfect for bug free summer evenings! LARGE backyard that’s fully fenced, perfect for pets or play! Paver patio for grilling and catching some rays. Wood burning fireplace in the living room! Spacious primary bedroom + en-suite bath with claw foot tub and separate tiled shower. All bedrooms upstairs plus a large bonus room! Storage space off of the 1 car garage. Super convenient location near highways, shopping, and dining! Come check out this High Point gem!
Source: TRIADMLS #1199208
Loan details
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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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.