405 Hollyhock Dr Matthews, NC 28104
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About this home
Beautiful all-brick home located in a desirable neighborhood within the sought-after Weddington school district! This stunning home features an open floor plan with three bedrooms on the main level and two additional bedrooms upstairs. The spacious family room offers a coffered ceiling, gas-log fireplace, and plenty of natural light. The gourmet kitchen is a showstopper with a large island with bar seating, stainless steel appliances, wall oven and convection microwave, large rectangular sink, granite counters, tile backsplash, and food pantry. Enjoy casual dining in the breakfast area or entertain in the elegant dining room with a tray ceiling and chandelier (currently used as piano room) The primary suite on the main level features a tray ceiling, recessed lighting, ceiling fan, bay window, and French doors leading to the luxurious bath with tile floors, granite countertops, a large shower, and a relaxing garden tub. The home also includes a dedicated office/study, spacious secondary bedrooms, and abundant closet space. Step outside to a screened porch with dual ceiling fans, a large paver patio, fenced yard, full irrigation system, and beautiful landscaping with an arbor, pergola, herb garden, and solar lighting. Additional highlights include 8-foot interior doors, laundry room on the main level, an attached two-car garage plus an additional one-car garage, and an extended driveway. Conveniently located near Wesley Chapel and Providence Road shopping and dining with easy access to area conveniences.
Source: CANOPYMLS #4320844
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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.