103 Rob Roy Rd, Southern Pines, NC 28387
5 beds · 3 baths · 3,254 sqft
AMAZING LOCATION with an INCREDIBLE AMOUNT of SPACE!!!! You won't want to miss this 5BR/3BA home located in the peaceful neighborhood of Highland Trails. With almost 3300 sqft, you will not be disappointed with the amount of living space and storage this home has to offer. As you enter through the main level, the formal dining area has a birds eye view of the front covered porch and perennial gardens. Next, you are greeted with freshly painted walls, beautiful hardwoods, vaulted ceilings and a gas fireplace making this open living area the heartbeat of the home. In the kitchen, you will find new stainless steel appliances along with new granite countertops with sliding doors leading out to the newly stained deck. The primary suite has double walk-in closets that lead into an ample sized bathroom with double sinks, shower and soaking tub. On the opposite of the main living space are two additional guest bedrooms with a full bath. The expansive lower walk-out level does not disappoint with two more guest rooms and another full bath. But you can cancel that fitness membership because the sellers are conveying their Rogue Fitness gym equipment including barbell plates, barbells, power rack and floor mat to make your home gym area complete! Over $3500 worth of items are remaining. There are so many wonderful outdoor features about this property like the raised garden beds which will convey and also the fact that the landscaping is very low maintenance! The home sits on 3/4 of an acre with close proximity to Ft. Bragg as well as only being minutes to downtown Southern Pines should put this home on the top of anyone's list! Also, it is just a short journey over to The Weymouth Woods Nature Preserve for daily walks and exploring.
Source: NORTHCAROLINAREGIONAL #100498050
All values shown are estimated costs / mo.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100498050
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.