8401 Piney Branch Dr Apex, NC 27539
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About this home
NEW $7500 IN CLOSING COSTS TO BUY DOWN RATE! CELEBRATE THE HOLIDAYS IN YOUR NEW HOME!! How would YOU decorate this gorgeous home with over 3400 sq. ft for the holidays? There are endless possibilities with the mantle over the fireplace, soaring ceilings in the family room, and a sprawling island in the kitchen for entertaining. The butler's pantry is perfect for cocktails or coffee while the oversized back deck offers plenty of room for company to sit outside for cookouts overlooking a large .55 acre lot with mature trees. The decorative windows offer lots of natural light while the gleaming hardwood floors and detailed moldings set a tone of elegance. Enjoy a formal dining room, first floor office with French doors perfect for those working from home, and a spacious second floor bonus room for movies or separate living room for guests. The primary suite, impressive in size, includes a custom California Closet system for effortless organization. Major updates provide peace of mind: ROOF 2022, HVAC 2022, WATER HEATER 2022, Fresh Paint throughout, Newly Waxed Hardwood Floors, and Refinished Back Patio and Front Porch. The coveted Westlake Community amenities include 2 pools, 2 playgrounds, and walkable access to top schools, parks, and Cary Community Center. Don't Save, Wait, and Miss Out! See for yourself the gorgeous living room everyone keeps raving about!
Source: TRIANGLEMLS #10122524
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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.