1201 Charles Dr, Laurinburg, NC 28352
3 beds · 3 baths · sqft sqft
FRESH new updates! The exterior has new paint as well as some rooms inside the home. The craftsmanship of this home and it's layout are what make this home SO SPECIAL. This house has been well kept, wooden floors throughout with spacious rooms. Crown and floor molding throughout the home. Built in corner hutches in the formal dining room, plantation blinds in the recreational room. The beautiful hallway and master suite add so much character here. This over a half acre corner lot couldn't be situated more perfectly in this well established neighborhood. The back yard has all the space you need for entertaining and recreation. Complete with a less than 2 year old wired workshop (upgraded with 220 wiring), building is insulated with an L-shaped work bench and upper loft. The backyard offers a 40 x 16 dog runner that was installed approximately 8 months ago as well. 3 bedrooms, 3 bath, and over 2,100 square feet provides so much space. Formal dining, new lighting in the kitchen and dining area, and two rooms that could be utilized as office space or recreational areas. Private screened in porch and mature landscaping and foliage. Very close to shopping and schools. Seller does still have the doors for the laundry area and they will convey with the property.
Source: NORTHCAROLINAREGIONAL #100457127
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100457127
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: #100457127
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.