1041 Parkwood Dr NE, Leland, NC 28451
4 beds · 3 baths · sqft sqft
Welcome to 1041 Parkwood Drive, a charming brick ranch home nestled in the heart of Leland's tranquil neighborhood. Set on a picturesque half-acre lot adorned with mature trees, this inviting residence offers both space and character. As you approach, you'll immediately appreciate the expansive front and backyard, perfect for outdoor activities and serene relaxation. Step inside to discover a beautifully updated home that seamlessly blends modern comforts with timeless charm. The interior features rich crown molding throughout much of the home, enhancing its elegant appeal. Cozy up by the real wood-burning fireplace on chilly evenings, or enjoy the large 19 x 20 all-season sunroom, equipped with a split system to ensure year-round comfort. This versatile space is ideal for sipping your morning coffee or unwinding after a long day. The formal dining area is a standout feature, elegantly designed to host memorable dinners and family gatherings. It flows effortlessly into the spacious living room, where a large bay window frames views of the lush front yard, filling the space with natural light. Energy efficiency is a highlight with the inclusion of solar panels, designed to reduce your electric bill while contributing to a more sustainable lifestyle. This home is not just a dwelling, but a perfect setting for entertaining friends and creating cherished family memories. Visit 1041 Parkwood Drive today and immerse yourself in the warmth and charm of this delightful ranch home. Discover how this inviting residence could be the perfect backdrop for your next chapter and begin crafting your own beautiful story here.
Source: NORTHCAROLINAREGIONAL #100459151
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100459151
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #100459151
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.