1160 Morganton Rd, Pinehurst, NC 28374
3 beds · 3 baths · 2,004 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Price Improvement + 5K Incentive Now being offered! This beautifully maintained home is located in the sought-after Pinehurst area, just minutes from Pinehurst Resort, Pinehurst Country Club, and the iconic Pinehurst No. 2 golf course. As you enter through the front porch, you're welcomed by elegant herringbone tile flooring in the foyer and hardwood floors throughout the main living spaces. The open-concept design seamlessly connects the kitchen and living room. The kitchen features stunning quartz countertops, white soft-close cabinets, a subway tile backsplash, stainless steel appliances, and a spacious pantry. It's open to a bright breakfast area and a large living room, complete with custom built-ins and an electric fireplace. The spacious primary bedroom includes a luxurious en-suite bathroom with a large, walk-in tiled shower, a freestanding soaking tub, dual quartz vanities with undermount sinks, a separate water closet, beautiful tile flooring, and a walk-in closet with custom solid wood shelving. The other two bedrooms also have closets with custom shelving. Outside, the backyard is fully fenced for privacy and offers a deck perfect for relaxing or entertaining.
Source: NORTHCAROLINAREGIONAL #100498338
Source: NORTHCAROLINAREGIONAL #100498338
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 and Equal Opportunity Act.