5804 Cold Harbor Ct Fayetteville, NC 28304
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About this home
Welcome to this sharp looking ranch in the Shenandoah subdivision! Conveniently located just a short commute to Fort Bragg, situated in a cozy culdesac, this move-in ready home has many charms and would welcome it's new owner to some carefree living!Featuring 3 bedrooms and 2 baths, 5804 Cold Harbor offers a spacious, carpet-free layout perfect for first time homebuyers. Inside, you’ll find recent upgrades throughout, from the granite counters, floor to ceiling kitchen cabinets and stainless steel appliances found in the kitchen, to the impeccable hardood and sleek LVP flooring, updated windows and numerous ceiling fans throughout the home. All the vital systems are only 3 years old; the roof, HVAC unit and water heater!Step outside to the patio and fully fenced back yard with a mature privacy tree line—perfect for relaxing. Within the last year, a black gutter system and shed have been added to the property, enhancing the home's appeal.Motivated seller. 3500 Lender incentive available through Team Workman at CrosscountryMortgage. Email teamworkman@ccm.com to inquire. Come check out this beautiful home today!
Source: TRIANGLEMLS #LP748799
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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.