468 River Run Rd Selma, NC 27576
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About this home
Welcome to 468 River Run Road!This spacious home offers ample living space and is nestled on a generous lot with peaceful pasture views.The main living area includes an office, dining room, living room with fireplace, and a kitchen with plenty of storage and prep space. The primary suite is generously sized and features double closets and a large en-suite bath with a soaking tub and separate shower. One of the secondary bedrooms boasts a vaulted ceiling and oversized window, allowing in beautiful natural light and picturesque views. Upstairs, you'll find a bonus room complete with a pool table that conveys, as well as attic space that can be used for storage or finished to create additional living space.One of the standout features of this home is the screened-in back porch—an entertainer’s dream with ceiling fans, space for multiple seating areas, and gorgeous views. A welcoming front porch adds even more charm.The attached 2-car garage includes garage door openers with remotes, and the home is already equipped with a Ring doorbell system and keypad entry.Located a few minutes from I-95, shopping, dining, and recreation are all just a short drive away. This property will soon also benefit from easy access to the new 440 loop, making commuting into Raleigh and surrounding areas a breeze.Schedule your private showing today!
Source: TRIANGLEMLS #LP750760
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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.