102 Sugar Cane Dr, Raeford, NC 28376
3 beds · 2 baths · 1,972 sqft sqft
$5,000 SELLER CONCESSIONS! Family room and bedroom walls will be painted, and fence repairs will be made from 23-25 October 2024. This lovely ranch with bonus room features 3 bedrooms/2 bathrooms, 1,984 square and is located on a cul-de-sac in the highly desirable Hoke County tax district. All bedrooms are on the first floor and the bonus room is upstairs. Step inside to a huge family room with vaulted ceilings. The kitchen features a breakfast nook, tiled floors, backsplash, and newly painted kitchen cabinets. The backyard is a large private oasis backing to the woods. Enjoy the concrete patio on an almost half-acre lot with privacy fencing and storage shed. You will love the privacy and convenience of living in this location! HVAC and water heater installed in 2021. HVAC still under warranty. Attic fans installed in 2023, making the house more energy efficient in the summer!
Source: TRIANGLEMLS #LP732613
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #LP732613
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #LP732613