754 Hardison Dr Arapahoe, NC 28510
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About this home
So many extras built in to this property are too good to miss! Experience exceptional craftsmanship in this meticulously maintained custom-built home. This 3-bedroom, 3-bath residence seamlessly blends modern conveniences with timeless elegance. Features such as crown and shoe molding, true hardwood floors, and 9-foot ceilings create a warm and spacious atmosphere. The expansive kitchen is equipped with Craftmaid wood cabinets, ample counter space, a gas stove, and a pantry, perfect for entertaining in the open-concept living area. Enjoy relaxation on the inviting rocking chair front porch or the all-season screened porch at the back. The primary bedroom, located on the main level, includes a generous master bath with a walk-in shower, jetted tub, walk-in closet, and a convenient laundry room. A second bedroom and full bath complete the downstairs living space. Upstairs, you will find a spacious third bedroom with its own ensuite bath and ample closet space. The outdoor area is designed for versatility and storage, featuring a detached 36x28 garage/workshop connected to the home by a charming covered breezeway. Additionally, there is a 24x24 carport and a 15x12 storage shed within the partially fenced backyard. For those who travel or adventure, the home is equipped with a generator plug and a 50-amp breaker for RV or camper use. Don't miss this opportunity!
Source: NORTHCAROLINAREGIONAL #100529173
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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.