1317 Justin Oaks Ct, Willow Spring, NC 27592
3 beds · 3 baths · 2,515 sqft
Beautifully maintained home on over a half acre lot within the highly sought-after Legacy at Forty Two! The primary plus 2 other bedrooms are on the FIRST floor. The king-sized 1st floor primary bedroom has an ensuite bath with a Safe Step tub for easy soaking as well as a separate shower, dual vanity, & linen closet! The kitchen features loads of counter and cabinet space as well as a large pantry! Dining area is bright and cheery with a cathedral ceiling. The living room has a lovely corner wood-burning fireplace and hardwood floors. Nice sized 1st floor 2nd & 3rd bedrooms. Extensive 2nd floor bonus with full bath. Walk-in attic off the flex room/office. Carpets are new in all the bedrooms, bonus, and flex room/office. Relax on the screened porch overlooking the huge partially fenced backyard. Oversized garage measures 24x24. Solar panels included. Roof 2019. HVAC units 2018 & 2020. Septic pumped 2023. Gutter guards. NO CITY TAXES yet conveniently located! Less than 15 minutes to Costco and Fuquay-Varina. An easy 30-minute drive to downtown Raleigh! The lovely Beech Bluff County Park is now open less than .5 miles away with peaceful walking trails, a fantastic playground, picnic shelters in abundance, a Harvest Hub for all those gardening fans, and a Park Center with classrooms! 1 year Old Republic Home Warranty!
Source: TRIANGLEMLS #10078109
Financials
Source: Public records
Source: TRIANGLEMLS #10078109
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.