86 R And R Hyder Ln Hendersonville, NC 28792
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About this home
Opportunity Knocks to the Historical unrestricted property nestled on a 1.23-acre wooded lot; 15 minutes to Downtown Hendersonville, NC. This charming 1920's solid stone cottage home has 2 large bedrooms with a bonus room which could be used as an additional bedroom or office. Property features central HVAC installed in 2021 and propane central heat (325 gal. owned tank), 2023 water heater, updated 2021 windows, metal roof, and new paint. 5 closets and shelves, beautiful moulding, and real wood panel walls. An unfinished full basement lies under the property for endless ideas. Serene outdoor living yard; easy to maintain with gardens, flowers, varieties of bushes, and trees. Two separate driveways (2nd entrance on Delozier Circle), two detached carports, two fire pits, ample parking, a covered front porch with a possible greenhouse, and separate fenced-in areas for your miniature farm. There are three functional outbuildings with rustic charm, 2 fully enclosed with foundations, and 1 has a sliding door, which would be used as a large workshop, barn, and/or storage shed. The property features a separate outbuilding with 2 bedrooms and 1 bath for potential income-producing ability. This separate living space comes with a separate electric meter and a large fenced deck. This hidden gem offers privacy and is move-in ready. Whether you're seeking an income-producing property, a mini homestead, or your own peaceful retreat with nature sounds! This one is for you! make your dreams come true!!!
Source: CANOPYMLS #4318249
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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.
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