1404 Sunset Ave, Rocky Mount, NC 27804
4 beds · 3 baths · 3,349 sqft sqft
Experience Historic Elegance as you step into this 1926 Bungalow! Located in Rocky Mount, NC convenient to downtown, Rocky Mount Mills, restaurants, coffee shops and parks. This 4 bedroom, 2.5 bath home offers spacious living areas with tons of closets and flex spaces. Tastefully landscaped lawn with a brick walkway leading to the deep ''bungalow style'' front porch. Architectural details inside and out; arched doorways, front porch with arched columns, a small terrace, steep roof pitch at the front and hip roof with dormers at the rear. An iron front door and a front foyer with vintage style tile immediately sets the tone for this home. Downstairs bedroom is currently being used as a sitting room with an attached bath. Mudroom leads to the kitchen with a large pantry (and a hidden door that leads to a cellar). Upstairs has 3 more bedrooms and a full bathroom. Master bedroom has 2 walk-in closets; one closet includes a dressing room with a large window allowing natural light to filter in. Extra spaces include reading nooks, exercise room, an office and a ''hidden'' back staircase that leads to a front door. Perfectly renovated interior maintains this home's historic charm, while establishing all the comforts of modern living. This is sure to sell quickly. Come take a look! Property being sold ''as-is''.
Source: NORTHCAROLINAREGIONAL #100468665
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100468665
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #100468665