555 NE Broad St Southern Pines, NC 28387
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About this home
Welcome to 555 NE Broad Street, an elegant Mediterranean-style custom home just two blocks from downtown Southern Pines. Built in 2019 and freshly painted, this beautifully maintained residence blends timeless architecture with modern comfort. The all-brick exterior, mature landscaping, and fenced backyard create a private oasis in an unbeatable in-town location. Inside, ten-foot ceilings and generous room sizes offer an airy, luxurious feel. The main level features a bright living room with a gas fireplace and built-ins, and a flexible guest suite that also makes the perfect home office. The chef's kitchen impresses with professional-style appliances, a walk-in pantry, and a charming brick wine room—ideal for entertaining. Upstairs, the primary suite offers dual walk-in closets and a spa-like bath with a soaking tub and glass shower, while two additional bedrooms share a large dual-vanity bath. Outside, an oversized single-car garage with extra ceiling height adds functionality, and the finished studio apartment above provides an ideal space for guests, rental income, or a private retreat. Thoughtful upgrades include a whole-home generator, tankless water heater, irrigation system on a separate meter, reverse-osmosis filtration, engineered hardwood floors, and CAT-6 wiring. The fenced yard with a covered patio is perfect for quiet evenings or gatherings. Combining luxury, flexibility, and location, this one-of-a-kind home captures the best of Southern Pines living—walkable to shops, dining, and parks, yet offering space, privacy, and timeless design. 555 NE Broad Street is the perfect blend of sophistication and convenience in the heart of downtown!
Source: NORTHCAROLINAREGIONAL #100537772
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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.