110 Dukes Lake Cir, Richlands, NC 28574
4 beds · 3 baths · sqft sqft
Sellers are offering $5000 to the buyer of this move-in ready home, nestled in the sought-after Trifield Estates community. This home sits on a tranquil street where pride in ownership shines. With a primary suite, three guest rooms, and 2.5 baths, you'll find ample space for you and your guests. Freshly painted throughout, the first floor features a flex space, perfect for use as a formal dining area, home office, sitting room, room conversion, catering to your lifestyle needs. The open great room is complemented by a cozy fireplace and gorgeous built-in bookcases, creating an inviting atmosphere for gatherings and entertaining friends and family. Functionality meets design in your new kitchen. The chef in the home will enjoy the convenience this kitchen offers. This space includes a walk-in pantry, extra cabinet, and countertop space for all your culinary needs. The adjoining dining space makes meal preparation and entertaining effortless. For those meals best created on the grill, enjoy easy access to the rear patio from your kitchen, making summer grilling a breeze. The powder room finishes off the main level. Upstairs, you'll enjoy the privacy of a split primary suite, an appealing feature for buyers seeking a personal retreat away from the rest of the home. The primary ensuite features dual vanities, a soaking tub, and a separate walk-in shower. Three spacious guest rooms and a guest bathroom offer the space today's buyers demand. 2nd floor laundry room simplifies chore day. For days spent outside, enjoy your favorite beverage on the covered front porch or relax in your easy-to-maintain backyard. NO HOA!! This home really does have it all! Assumable 2.75% VA loan option for qualified buyers
Source: NORTHCAROLINAREGIONAL #100471763
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100471763
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: #100471763