183 Ganton Dr, Raeford, NC 28376
4 beds · 4 baths · 3,055 sqft
Can you say ''one and done''? This immaculate home has everything a family could possibly want and need. First floor boasts a formal dining room with coffered ceiling, a large kitchen with granite countertops and island overlooking a cozy living room with fireplace. Continue on to the second floor where you will step into a loft surrounded by the owner's suite, two other bedrooms, a full bathroom and laundry room. The large owner's suite features an oversized walk-in closet and bath with double vanity, garden sub and shower. Continue on up to the third floor where the 4th bedroom or bonus room is located where there is also a full bathroom and an unfinished storage area. As if that is not enough, this home also boasts a three car garage, fenced yard, covered patio with an extended patio and covered front porch. Subdivision features a soccer field, two parks and is located near the James A Leach Aquatic & Recreation Center. Don't miss out! Schedule your showing today!!
Source: NORTHCAROLINAREGIONAL #100494299
Financials
Source: NORTHCAROLINAREGIONAL #100494299
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.