701 N Carr St Mebane, NC 27302
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About this home
Nestled in a highly desirable neighborhood of Mebane, NC, this beautifully maintained 3-bedroom, 2.5-bath home is searching for its perfect new owner. With 0.46 acres of lush greenery, this property offers a perfect balance of space, privacy, and convenience. Just one minute from convenience stores and more, it's ideal for those who want to enjoy quiet, suburban living with easy access to everything you need. Step inside and be greeted by not one, but two spacious family rooms—perfect for relaxing with loved ones or entertaining guests. A light-filled sunroom provides the perfect spot to sip your morning coffee or unwind in the evening while enjoying the view of your expansive backyard. The home features a new HVAC system with transferrable warranty, ensuring year-round comfort and peace of mind. Plus, with no HOA fees to worry about, you have the freedom to truly make this space your own. Outside, you'll find a workshop/shed that could easily be transformed into an ADU (Accessory Dwelling Unit), adding additional living or rental space to the property. Whether you're looking for a private retreat or a space to accommodate family or guests, the possibilities are endless. Ready to move in and make it your own, this home is truly one-of-a-kind. Could this be the place you've been waiting for? Schedule your showing today and make this charming property your new home!
Source: TRIANGLEMLS #10113330
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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.