207 Smith Dr, Goldsboro, NC 27534
3 beds · 3 baths · 2,013 sqft
Gorgeous Traditional 2-story Home located in the Highly Desired Maplewood Subdivision. This 3 bed, 2.5 bath Home features a NEW Roof in 2024, NEW Downstairs HVAC in 2024, NEW Kitchen Dishwasher & Microwave in 2024. New upstairs carpet & LVP flooring in primary en suite bath 2022. Enter the Home and see the Large Living room on LVP, Gas Log Fireplace and Formal Dining room. The Kitchen boasts Granite Countertops, Tile Backsplash, Breakfast Bar, Kitchen nook and all 4 appliances convey with Home. Upstairs you'll find the Master suite, and Bath w/Granite Vanity, LVP floor and a Skylight. Two additional spacious Bedrooms and a Full bath w/Tile floor and a Skylight. All Bedrooms and Bonus room have Fans. The Bonus room is perfect for an additional Bedroom, Office or Man-cave. Enjoy the Fully Fenced-in Backyard to entertain your Family and Friends or just let the kids or pets run and play. Also has a Firepit, Backyard Shed and mature Crepe Myrtle trees. You'll love the amenities of the neighborhood, the pool, playground and tennis courts. See total Updates & Upgrades list to the Home in Documents section. Seller has a 4.9 percent VA Assumable loan. Home is close to Hwy 70, 70 Bypass, I-795, SJAFB and all local amenities.
Source: NORTHCAROLINAREGIONAL #100488987
Financials
Source: Public records
Source: NORTHCAROLINAREGIONAL #100488987
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What 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.
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