152 Painted Bunting Dr, Troutman, NC 28166
4 beds · 3 baths · 2,029 sqft
Summer barbecues, sipping morning coffee on the deck, or watching the kids play in the yard?! This home is designed for comfort and connection tucked away from the busyness of day to day life! Nestled in a quiet, family oriented community, this well maintained home has easy access to local schools, parks, and Lake Norman. An open concept downstairs with an owner's suite, 2 secondary bedrooms and bonus room perfect for an office or 4th bedroom upstairs. Situated on a generous 0.78-acre lot that offers a perfect blend of spacious outdoor living making it ideal for both entertaining and relaxation. The expansive yard provides plenty of space. A new roof, newly replaced deck, and fence (all updated in 2022) ensure peace of mind. This home offers a sense of community while still maintaining privacy and tranquility. Do not miss the opportunity to tour this beautiful property where everything comes together to create the perfect place to call home. Schedule your showing today!
Source: CANOPYMLS #4221732
Financials
Source: CANOPYMLS #4221732
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.