7368 Millstone Cir SW Concord, NC 28025
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About this home
Welcome home to this 3500+ sf, 5-bedroom, 3-bath residence offering space, style, and comfort for modern living. Step inside to find beautiful wood flooring and an open floor plan filled with natural sunlight. The gourmet kitchen is a chef’s dream and true highlight - featuring a large island, extensive granite counter space, abundant cabinetry for all your storage needs, and a stylish tile backsplash—perfect for entertaining or everyday living. A dedicated office provides the ideal work-from-home setup, while a downstairs guest bedroom offers flexibility for visitors or multi-generational living. Upstairs, the spacious primary suite impresses with two walk-in closets and an ensuite bath complete with double vanities, a walk-in shower and dual shower heads. Two of the three secondary bedrooms feature walk-in closets. The added bonus room adds even more versatile living space - the perfect spot for movies or gaming. Enjoy the outdoors in the fenced backyard, with an oversized patio. The extended driveway and 3-car garage offers for plenty of parking and storage. Thoughtfully designed, this home combines functionality, and comfort—and is ready to welcome its next owner! The Mills at Rocky River offers homeowners a resort style in ground pool, clubhouse, fitness room, playground, and a walking trail. Patriots Elementary and C.C. Griffin Middle School are located within the community. Convenient access to major highways, shopping, and restaurants.
Source: CANOPYMLS #4315880
Loan details
Neighborhood
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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.