739 Holiday Dr Hendersonville, NC 28739
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About this home
Experience country living with endless potential in this inviting 2BR/1BA home offering 805 sq ft of thoughtfully designed space. The open-concept living and kitchen area features cathedral ceilings, a cozy wood-burning stove, and a new metal roof installed in 2024 for lasting durability and peace of mind. Mini-split systems added in 2024 provide efficient heating and cooling year-round. A bonus space adds an additional 490 sq ft, perfect for a future primary suite, family room, or guest quarters. Add a second bathroom and instantly expand your living area and home value. Included is the adjoining parcel for a total of 3.502 acres of unrestricted land—offering room to grow, garden, or build your dream workshop or second home. Enjoy the freedom of unrestricted acreage paired with modern updates, rustic warmth, and endless opportunity.
Source: CANOPYMLS #4311421
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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.