172 Tetcott St, Mooresville, NC 28115
5 beds · 4 baths · 3,097 sqft
Sought after Waverly Plan on a premium lot! Extended paver patio and large $12,000 hot tub 1.5 years old. Don't miss out. Discover this stunning Mooresville gem (built in 2022) in Stafford at Langtree! With 3,097 sq. ft., this 5-bedroom, 4-bathroom home offers sunlit spaces perfect for modern living. The gourmet kitchen wows with an oversized island, walk-in pantry, and gas stove. A spacious loft and cozy fireplace add warmth, while the luxurious primary suite impresses with a deep soaking tub, separate shower, and dual walk-in closets. Guests will appreciate the main-level bedroom and bath—ideal for multi-generational living. Why wait for new construction? Move into this sought-after Taylor Morrison Waverly with a European facade on a desirable corner lot today! Upgraded lighting, pantry, laundry room, etc. Fenced backyard with private land behind (not part of neighborhood). Why buy something new when you can get a home almost new with tons of upgrades. Agent is also an owner.
Source: CANOPYMLS #4227529
Source: CANOPYMLS #4227529
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.