39 Wood Run Sanford, NC 27332
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About this home
Welcome Home to Carolina Lakes!You’ll fall in love with this gorgeous home nestled in the highly desired gated and guarded golf and lake community of Carolina Lakes. This home sits on a large, beautifully landscaped lot with an oversized side-entry garage, fenced backyard, and covered front and back porches—perfect for morning coffee or evening cookouts on the spacious grilling patio. It is perfectly situated within walking distance to both the clubhouse and beach, and just a few minutes from the main entrance.Once inside you are greeted with a bright, open floorplan with french doors and expansive windows that let in an abundance of natural sunlight. The kitchen shines with a large center island, white quartz countertops, and beautiful laminate wood flooring. There's plenty of room to entertain with both an eat-in kitchen and formal dining area; all open to the kitchen and living areas. The master suite and two additional bedrooms are also on the main level, while a bonus room upstairs with dual closets can serve as a fourth bedroom, office, or flex space to fit your needs. The master bath includes his-and-her vanities, a soaking tub, separate shower, and tile flooring—a true retreat after a long day. This neighborhood truly has it all – enjoy an Olympic-size pool, disc golf course, tennis, basketball, and pickleball courts, clubhouse, beach and marina for endless fun and relaxation right at your doorstep!Carolina Lakes offers so much more than just a home—it’s a lifestyle! Don’t wait to see this one—schedule your tour today and experience all that this wonderful community has to offer!
Source: TRIANGLEMLS #LP752987
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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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