110 Modena Dr, Cary, NC 27513
5 beds · 3 baths · 2,663 sqft
Welcome to 110 Modena Drive, a beautiful home with a FIRST FLOOR PRIMARY BEDROOM perfectly situated near all that Cary has to offer! Nestled in the well-established MacArthur Park, this property backs to the scenic greenway and is conveniently located near Bond Park, the YMCA, The Fresh Market, Costco, RDU, RTP, and more. As you enter, you'll be greeted by a welcoming foyer. To your left, you'll find a formal dining room, and to your right, a home office featuring elegant French doors and transom windows. This thoughtfully designed floorplan is ideal for modern living, showcasing an open concept where the kitchen seamlessly flows to the 2 story family room, complete with a cozy fireplace. The kitchen is a chef's dream, boasting a breakfast bar and an island adorned with beautiful granite countertops. It opens onto the deck, perfect for enjoying your morning coffee or entertaining guests. The beautiful wrought iron stair railing leads you to your spacious second level living where you'll find four additional bedrooms and a full bath with double vanities, providing ample space for family and visitors. This home also features a NEW ROOF, with several (11) windows and most siding recently replaced, ensuring peace of mind for years to come. New HVAC 2024, New LVP Flooring throughout first floor 2024 and carpet upstairs 2024, New Primary Bath Double Vanity & Shower Replaced 2024, Fresh Paint & Smooth Ceilings Throughout Interior 2024. Please refer to the attached list for all details of recent updates and features. Don't miss out on this incredible opportunity in a prime location! Showings expected to begin Tuesday, December 17th. There is no fence encroachment per the seller disclosure - it has been moved inside the property line. Days on Market are a reflection of Coming Soon Status for 25 days due to contractor delays. Garage floor will be cleaned & painted by December 24th .
Source: TRIANGLEMLS #10064731
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10064731
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: #10064731
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.