86 Pender Rd Spring Lake, NC 28390
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About this home
Welcome to 86 Pender Rd, a hidden gem tucked away in Overhills Creek. From the moment you step inside, you'll feel at home with beautiful luxury vinyl plank flooring, a cozy fireplace and a layout designed for comfort and everyday living. The formal dining room is perfect for gatherings, while the bright eat-in kitchen features tile floors, granite countertops, an undermount sink, plenty of cabinet space and designer floating shelves that add character and charm to the heart of the home. All bedrooms are conveniently located on the second floor with the washer and dryer. The primary suite is a true retreat with a tray ceiling and a spacious en-suite featuring a standing tile shower. An oversized bonus room with a flexible nook, provides the perfect spot for a home office, playroom or that hobby space you've been dreaming about. Outside, enjoy a fully fenced backyard with mature trees that provide both privacy and shade, plus an extra parking pad ready for your RV or trailer. With up to $2,000 in lender credits available through the preferred lender, this home offers even more value. Less than 20 minutes to Fort Bragg and close to shops, dining, and groceries, this home perfectly balances comfort and convenience.
Source: TRIANGLEMLS #10120890
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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.