5260 Lemon Springs Rd Sanford, NC 27332
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About this home
Discover this stunning single-story custom-built ranch offering 2,943 sq ft of thoughtfully designed space on 2.05 acres. Perfect for multi-generational living, this home features an open-concept design where the gourmet kitchen, dining area, and oversized family room flow seamlessly together under soaring 11-ft ceilings. The family room includes a gas fireplace and a custom built-in bookcase with cabinet storage ideal for décor, equipment, or media components. The kitchen impresses with granite countertops, like-new black stainless steel appliances, soft-close cabinets with adjustable shelving, a large walk-in pantry, and an expansive 4x8 island with a wine and beverage refrigerator. The private primary retreat includes a sitting area, walkout access to the screened porch, dual walk-in closets, separate vanities, a water closet, and an oversized tiled shower with a bench and built-in holder for shampoo and soaps. Three additional large bedrooms—two with walk-in closets—offer flexible living arrangements. The secondary bathrooms are beautifully appointed, featuring dual vanities, generous storage, and a large linen closet. A dedicated home office, media room, spacious laundry room with utility sink, and a convenient drop zone enhance everyday functionality. Outdoor living includes a covered front porch, screened-in back porch, and a 12x20 patio ideal for relaxing or entertaining. The yard is partially fenced, and a significant portion of the acreage extends well beyond the fenced area, offering room for expansion, gardening, recreation, or additional structures. A two-car garage, semi-circle driveway, extra parking, and an impressive 22x50x16 shop—perfect for RVs, boats, or up to four additional vehicles—provide unmatched storage and versatility. With a gutter system with leaf filtering, and peaceful surroundings close to city conveniences, this property truly has it all.
Source: NORTHCAROLINAREGIONAL #100541554
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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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