9966 Us 421 S Erwin, NC 28339
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About this home
Come and check out 9966 US 421 S, a charming 3 bedroom 2.5 bathroom ranch style home located on a spacious 1.25 acre lot in Erwin. Step into the open and spacious living room, which boasts a fireplace with brick surround, cathedral ceilings abundant windows, and hardwood floors. The modern kitchen features exposed wood beams, high ceilings, tile floors, granite countertops with beautiful tile backsplash, ample cabinet space, kitchen island and eat-in kitchen with skylights. Separate dining room with chair rail and spacious sunroom are ideal for entertaining guests. Spacious laundry room with separate sink and plentiful storage space. Master suite is accessible from either the dining room or the hallway and features 2 closet spaces and master bath with dual vanities, tile floors and shower with glass door. 2 additional bedrooms with full bath in between along with half bath for one of the bedrooms offers privacy for guests or families. Oversized attached garage with storage closet and detached garage with 3 separate bays provide plentiful space for storage, parking or hobbies. The 1.25 acre lot with mature trees and large deck are ideal for private relaxation. With no HOA or restrictive covenants, you won't want to miss this country charmer! 1% Incentive towards Buyer's Closing Costs up to $5K with the use of Preferred Lender-Nick Overcash with FCMA and Preferred Closing Attorney-McCall Law Firm.
Source: TRIANGLEMLS #10122047
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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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