1222 Kensington Dr, High Point, NC 27262
5 beds · 3 baths · 3,765 sqft
This stunning fully renovated home offers modern luxury and ultimate convenience, located minutes from High Point University, High Point City Lake, and Downtown High Point. With easy access to Greensboro, Winston-Salem, and beyond, this home is perfect for those seeking both comfort and accessibility. Step inside to find a brand-new kitchen featuring stylish cabinetry, quartz granite countertops, and state-of-the-art appliances. The home boasts new LVP flooring, fresh windows, a new roof, and an upgraded HVAC system, ensuring long-term efficiency and comfort. A bright walk-out sunroom provides the perfect space to unwind, while the fully finished basement offers endless possibilities for entertainment, a media room, or additional living space. Every detail has been thoughtfully updated, including new electrical and plumbing systems, all permitted and fully up to code. With its impeccable craftsmanship and move-in-ready appeal, this home is a rare find—schedule a showing today!
Source: TRIADMLS #1170383
Financials
Source: TRIADMLS #1170383
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.