120 Hammond Ave
Bethel, NC 27812
6 beds · 4 baths · -- sqft
$399,900
Get prequalifiedAbout this home
Welcome to this beautiful custom-built brick home in Bethel, offering the perfect blend of elegance and functionality. The inviting wide front porch, ideal for relaxing in rocking chairs, sets the stage for what's inside. Step into a spacious foyer with gleaming hardwood floors that flow through the formal den and dining room, both of which can easily be converted into versatile flex space.The remodeled kitchen is a chef's dream, featuring leathered granite countertops, a large island with a vent hood, and an abundance of cabinet space. The expansive breakfast room opens to a cozy den, complete with built-in shelves, a fireplace, and stunning views of the backyard. With four bedrooms on the first floor, including a luxurious master suite, this home is designed for convenience. Upstairs, you'll find two additional bedrooms and a walk-in attic. The massive upstairs closet spans the length of both bedrooms, providing ample storage with built-in shelves and hanging rods. A back stairway from the garage adds extra flexibility, making the upstairs an ideal space for older children, an in-law suite, or even a private guest area.The beautifully landscaped backyard is a true oasis, featuring mature trees and blooming plants that provide a picturesque setting year-round. Whether you're enjoying the view from the cozy den or relaxing outdoors, the serene atmosphere makes this space perfect for both quiet moments and entertaining guests. With plenty of room to garden or simply unwind, the backyard is the crowning jewel of this exceptional property. The side-entry garage offers convenience, and the home is thoughtfully equipped with handicap-accessible features, including a vertical lift in the garage, an Aqua Creek pool lift for the swim spa, and a ceiling track system from bedroom to bathroom. These installations were professionally done and can convey with an acceptable offer. Located just a short drive from both Greenville and Wilson, this home provides a serene retreat.
Source: NORTHCAROLINAREGIONAL #100470980
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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