201 Bennett Trail Dr, Mount Holly, NC 28120
3 beds · 3 baths · 2,427 sqft
Welcome to this charming 3-bedroom, 2.5-bath home, perfectly situated just minutes from downtown Mt. Holly! This spacious residence features large bedrooms, a dedicated office space ideal for remote work, and a beautifully designed open-concept layout that promotes seamless flow between the living area, dining space, and kitchen. The main floor boasts a delightful Owner's Suite, complete with an en suite bathroom and a generous walk-in closet. The stylish kitchen showcases elegant marble countertops, maple cabinetry, and stainless steel appliances, making it a cook's dream. Step outside to your private, fenced-in backyard with a covered patio — a tranquil retreat perfect for pets or outdoor gatherings. With convenient access to major routes, commuting to Charlotte and Denver is effortless. Plus, enjoy proximity to Mountain Island Lake and the Whitewater Rafting Center. Don’t miss this opportunity to make this inviting home your own!
Source: CANOPYMLS #4224471
Financials
Source: CANOPYMLS #4224471
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.