484 New Salem Rd Statesville, NC 28625
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About this home
MOTIVATED SELLER! BRING ALL OFFERS! Welcome to 484 New Salem Rd, a beautifully crafted home tucked away in the desired Cool Spring area of Statesville, offering comfort and easy access to I40 and 77. From the moment you arrive, you'll be drawn to its inviting presence, sitting gracefully on over half an acre with a perfect blend of charm and functionality. Step inside to soaring cathedral ceilings in the living room, where sunlight streams across rich oak hardwood floors, creating an open and airy space for gathering. The gourmet kitchen is a true centerpiece--complete with granite countertops, a farmhouse sink and cabinet style pantry--flowing seamlessly into a cozy keeping room that invites casual conversation over morning coffee. The primary suite is a peaceful retreat, featuring a tray ceiling, spa-like bathroom with a deep garden tub, walk-in tiled shower, dual vanities and a generous L-shaped walk-in closet. Upstairs you'll find two additional bedrooms, a full bath and two flex spaces- perfect for office, playroom or secondary living space. Outside evenings come alive on the multi-level deck, where you can relax and enjoy the serenity of the private backyard. An outbuilding adds extra storage, while the over-sized garage offers everyday convenience. Blending elegance with comfort, this place is more than a place to live--it's a place to truly call home! Seller is agent's fiancé.
Source: CANOPYMLS #4298965
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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.