8238 English Saddle Dr Fayetteville, NC 28314
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About this home
Perfect move-in ready home for a large family with 5 bedrooms and 3 full baths with over 2500 SF of living space plus anoversized double-car garage with a large back yard and storage building fully fenced with a 6-ft white vinylfence for privacy surrounded by comparable homes in Hunters Crossing East. The front porch invites you in tosee the open floor plan highlighting the family room with a corner fireplace, spacious kitchen with breakfastarea and large formal dining room. In addition to the hardwood flooring in the family room, dining room andhallway downstairs, new LVP and carpet installed throughout the home with lots of fresh paint. The kitchenhas SS appliances, tile backsplash, and walk-in pantry adjacent to the stairs which is away from plain view.Downstairs boasts the primary suite plus 2 more bedrooms and guest bath with 2 additional large bedroomsand full bath upstairs with great flexibility. The primary suite has a trayed ceiling, huge WIC and bath with adouble vanity, soaker tub, separate shower, and linen closet. Surrounded by comparable homes in Hunters Crossing East with quick access to the I295 bypass and its convenience to everything make this home a special place to live, work and play.
Source: TRIANGLEMLS #LP752158
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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.