610 W 6th Ave Raeford, NC 28376
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About this home
Your move in ready Home is priced to Sell. $40,000 + below market value. Charming 3 Bedroom plus Bonus, 2.5 Bath Home in Downtown Raeford – Near Burlington Park! Entire home has been freshly painted. HVAC & Roof are brand new and much more! Welcome to this spacious and versatile home nestled in the heart of downtown Raeford! Featuring 3 bedrooms and 2 full baths and 1/2 baths, this property offers a flexible layout perfect for a variety of lifestyles. Main-Level Master Suite: Enjoy the convenience of a primary bedroom on the first floor for added privacy and comfort. Upstairs Retreat: Two additional bedrooms upstairs are accompanied by a cozy flex/media room perfect for movie nights or a quiet study space. Versatile Flex Room: Just off the kitchen, you'll find a large bonus room ideal for a recreational room, craft space, homeschool classroom, or whatever fits your needs. Outdoor Living: The spacious backyard is perfect for entertaining or relaxing. Home has a workshop that offers a great space for hobbies, DIY projects, or extra storage. Walkable Lifestyle: Take evening strolls to nearby Burlington Park, downtown shops, or your favorite local restaurants and dessert spots. Don’t miss this gem in a prime location—schedule your showing today!
Source: TRIANGLEMLS #LP750213
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Close stress-free in 45 days, handled start to finish by Roam.
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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.