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$289,900 SIGNIN

Sign in to see required down payment for the 4.875% rate

1058 Canada Dr, Dallas, NC 28034

3 beds · 2 baths · 1,639 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Just Listed – 1058 Canada Dr, Dallas, NC 28034 Start your next chapter in this move-in ready gem—perfect for growing families or first-time buyers looking for the ideal place to call home! This inviting 3-bedroom, 2-bathroom home offers a bright, open layout with a cozy fireplace, spacious living area, and a kitchen built for everyday life. You'll love the center island, brand new stainless steel appliances, and the seamless flow that makes cooking and entertaining a breeze. The primary suite is your personal retreat with a garden tub, separate shower, and walk-in closet—plenty of space to relax and recharge. Step outside to a peaceful backyard and enjoy quiet mornings or fun-filled weekends on the back deck. Tucked away on a quiet street, yet just minutes from shops, restaurants, and everyday essentials, this home offers both privacy and convenience. **BONUS: Seller is providing a home warranty—giving you added peace of mind as you settle in!**

Estimated
Seller's interest rate
4.875%
7%
Estimated
Monthly payment

$1,021
$1,183
You may also save up to $46,349 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,183 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
FHA
Rate
4.875%
Remaining term
23 yrs and 9 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,021
Principal & interest
$755
Mortgage insurance
$101
Property taxes
$22
Home insurance
$142
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
1,640 sqft
Year built
2006
Type
Single Family Residence
HOA dues
$0.00

Source: CANOPYMLS #4244603

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: May 01, 2025 05:52 am
Listing agent: Marie Black (704) 770-6212
Listing provided courtesy of: UPSURGE Realty (980) 229-4940
Details provided by CANOPYMLS and may not match the public record.
MLS ID: #4244603
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
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$1,021
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