611 Davis Farm Dr Salisbury, NC 28147
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About this home
Welcome to this rare full-brick ranch located in the highly desirable Davis Farm neighborhood. This well-maintained home offers exceptional features that are hard to find, including four-car garages with a convenient half bath in the garage, and ample parking in the extended driveway. Recent updates include a new roof (2024), water heater (2025), and a skylight that brings in abundant natural light. Step inside to find a spacious and open Great Room with a tray ceiling and a cozy gas log fireplace, perfect for relaxing or entertaining. The kitchen boasts Corian countertops, stainless steel appliances, and plenty of cabinet space, flowing seamlessly into the dining and living areas. A bright and airy enclosed rear porch with screens opens to a large, level, fenced backyard—ideal for pets, play, or hosting gatherings. The patio area is perfect for an open firepit to enjoy cool evenings outdoors. The Laundry Room is thoughtfully designed with a built-in dog wash sink, custom cabinetry, and a built-in ironing board cabinet, making household tasks more convenient. The primary suite serves as a private retreat, featuring a seating area enclosed with French doors, his and her closets, a separate tiled shower, double vanity, and an ice block window for soft natural light. This home truly blends comfort, functionality, and quality updates, all in a peaceful and established community. Don’t miss your chance to own this exceptional property in Davis Farm.
Source: CANOPYMLS #4310551
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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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