945 Pecan Grove Loop Hope Mills, NC 28348
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About this home
Seller is offering $5,000 to use towards closing costs with full price offer!! This spacious 4 Bedroom, 3 1/2 Bathroom home is located within the Roslin Farms West community in Hope Mills, this home is situated in a country environment but close to all of the town's amenities.The great room features a cozy fireplace making it ideal for family gatherings. The formal dining room is perfect for hosting dinner parties or intimate family meals. The kitchen boasts stainless steel appliances, granite countertops and an eat-in breakfast area.The master bedroom is located on the main level, offering easy access and privacy without needing to use the stairs to rest. This would also be perfect as an in-law suite. All other bedrooms, loft and bonus room are located upstairs and can also be transformed into office space(s), a man cave or playroom(s). Bonus room has soundproof wall insulation. Loft is wired for surround sound!Third car garage is wired for additional refrigerator or freezer use and a heater is installed. Camera in living room is wired for future use.The large backyard is lined by a wooded area that enhances privacy. The screened in back patio offers tranquility.New Roof was installed in 2023.Transformer replaced in upstairs HVAC 8/22/25 Don't miss the opportunity to make this property your own! Conveniently located near Gray's Creek Schools, shopping and dining! You'll have everything you need just moments away!If you are represented by an agent please have them schedule a showing for you. If you do not have an agent and would like to view the property please reach out to the listing agent Denise Santos at 910-303-4743.
Source: TRIANGLEMLS #LP748746
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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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