1714 Back Creek Ct, Asheboro, NC 27205
5 beds · 4 baths · 5,219 sqft
Magnificent one of a kind custom home with Extravagance & Craftmanship Built In & modern day renovations. Stunning foyer, high ceilings, wide staircase, formal dining, balcony porch & brick masonry fireplaces are admirable for elegant entertaining. Plus private double living, laundry, full baths, bedrooms & covered porch areas upstairs and downstairs perfect for multifamily. Granite & tile kit & baths, SS appliances remain, LED lighting. Plus finished studio apartment with kit, full bath & sep entrance not counted in sf. 1.56 acres of beautiful canopy mature trees & winding brick sidewalk & paved drives. Convenient to interstate for easy access and shopping. 5 bdrm,3/1 bath. Primary bedroom suite on main level is fit for a King with it's own private updated huge walk in, handicap tile shower with dual body shower systems, soaking tub, dual vanities, dressing/sitting room, his & her closets. Bedrooms upstairs adjoin full baths. Library w/built-ins, basement exercise room & bluetooth,
Source: TRIADMLS #1149116
Financials
Source: TRIADMLS #1149116
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.