531 Whittington Pl Statesville, NC 28677
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About this home
Welcome to this beautiful, well maintained home which truly offers the perfect blend of practical living and an unbeatable location. This property has the feel of a peaceful get away while located only 1 mile from downtown Statesville. Tucked away on a gorgeous, private cul-de-sac with minimal traffic and just minutes from shopping/restaurants, Statesville greenway, and I- 77 and I-40. Each bedroom offers the convenience of having its own full bathroom with a half bath on the main level. This property has duel lots. One lot includes the house with a large attached garage and the other lot has a storage building and a large workshop/garage. Here are just some of the properties highlights: - Master bedroom offers a 3 tier bathroom with a walk-in closet, vanity room and full bath. - New LVP floors on main level and upstairs bathrooms. - Private covered deck for relaxing and watching nature or entertaining guests. - Large workshop/garage and small storage building on 2nd lot. All buildings match the home in exterior appearance. - Large concrete driveway with plenty of parking. - Roof replaced 2 years ago. - Hot water heater replaced 5 years ago - Creek bordering property - Lower level offers a kitchenette, bedroom with full bathroom and a bonus billiards/living room. Perfect for extra space or a rental.
Source: CANOPYMLS #4300802
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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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