4037 Brassfield Dr Rocky Mount, NC 27803
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About this home
Beautiful home located in the sought-after Brassfield neighborhood! Ready for move-in, this spacious property offers everything you need, including an additional 499 of heated/cooled Square Footage in the Bonus Room that is not included in the overall 2494 SQFT. The living room features generous space, built-ins, & a cozy gas log fireplace. Beautiful hardwood floors flow through the foyer and formal dining area. The large kitchen is a has ample cabinetry, an oversized breakfast island, a gas range, pantry, and a sunny breakfast nook. Just off the kitchen, you'll find a spacious mudroom/laundry area with plenty of additional storage. The huge main-level primary suite is privately situated and offers room for a sitting area, a fantastic walk-in closet, and a lovely en-suite bath. Upstairs, you'll find two freshly painted guest bedrooms and a huge bonus room with closet—ideal as a potential fourth bedroom or secondary living space/family room/play room. All carpets have been freshly steam cleaned, house has been professionally cleaned, the front storm door is brand new & water heater was new in 2024 too! Step outside to enjoy the back porch off the living room, a fully fenced backyard, and a storage shed. This beautiful neighborhood is perfect for walking, biking, jogging, and enjoying time outdoors with friends and family!
Source: NORTHCAROLINAREGIONAL #100520360
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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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