184 Flat Rock Dr, Denver, NC 28037
2 beds · 2 baths · 1,659 sqft
Resort-style easy living at Trilogy Lake Norman! This lovely move-in ready home is the popular Laurel floorplan and was formerly the model home. Naturally it has upgrades! How about crown molding in EVERY room, Arlington maple cabinets in kitchen & in-ground irrigation system?! Floor plan features 2 bedrooms, 2 full baths, separate laundry room, & the much-needed office/flex room w French doors. Install a space-saving Murphy wall bed in this room & it could easily double as a guest room or office. Abundant natural light & fresh, neutral paint throughout home. Private & peaceful backyard with many trees behind yard. Trilogy is known for its friendly & active neighbors, great restaurant, fitness club, many amenities, & membership in Freedom Boat Club on Lake Norman. A few more model home perks include 35 year roof guarantee, life-time siding guarantee, & 13 bags of mulch/year. Easy commute to Charlotte Intl Airport and interstates I77, I485, & local HWY 16. Schedule your showing today!
Source: CANOPYMLS #4220616
Financials
Source: CANOPYMLS #4220616
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.