715 E Marion St Unit 11 Shelby, NC 28150
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About this home
Historic Charmer! Zoned R/O Residential/Office and located adjacent to the Belvedere Park Historic District - JUST a mile from downtown Shelby, close to Cleveland County Country Club, Atrium Health Cleveland Hospital, YMCA, retail stores, and so much more! THE FIRST FLOOR: natural light EVERYWHERE! COME SEE the original, well-maintained hardwood floors; spacious and modern kitchen with granite countertops - including an extended granite breakfast bar/eating area, Samsung stainless steel kitchen appliances, huge walk-in pantry; the FIRST FLOOR also features a large main bedroom suite that includes a beautiful granite-topped double-sink vanity, over-sized closet and custom-built stone tile bathroom with shower and built-in stone tile shower bench; and office area. The SECOND FLOOR: includes a sitting area/reading nook with views of the front yard and views of the stone-lined goldfish pond; A SECOND FLOOR BONUS IS ANOTHER/2nd primary bedroom with adjacent bathroom!! …and THREE additional bedrooms! - one with an upstairs emergency exit door with a landing and stairs; the SECOND FLOOR also has lots of additional storage space. This home KEEPS ON GIVING! There is an unfinished BASEMENT and wine cellar, a wrap-around porch, huge back yard with a privacy fence, garage/shop and more! MAKE YOUR APPOINTMENT WITH A REALTOR TODAY to see this AMAZING home!
Source: CANOPYMLS #4315155
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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.