218 Michelangelo Pl, Morrisville, NC 27560
4 beds · 3 baths · 3,014 sqft sqft
Welcome to this 2019 Morrisville beauty—a home that blends modern living with unbeatable efficiency! With an assumable FHA loan at a super low interest rate below 3% and solar panels that keep your power bill near zero, this home is as smart as it is stylish. The 10-year structural warranty? That's peace of mind included.Outside, you'll find a spacious, fully fenced yard with a large patio perfect for BBQs, plus a cozy fire pit for evenings under the stars. Located on a quiet street near a cul-de-sac, yet just minutes from 540, RTP, and RDU, this home offers the best of both worlds—serenity and convenience. Inside, the open floor plan is made for entertaining! The stylish kitchen features a nice island, espresso cabinetry, granite counters, stainless steel appliances, and a sunny breakfast nook. This is the place where memories with friends and family are made! Durable LVP flooring runs throughout the main floor, while a versatile loft upstairs adds even more space to play, work, or relax. The owner's suite is a true retreat with a large custom walk-in closet and a spa-like bath featuring dual sinks, quartz counters, and a roomy walk-in shower. Spacious secondary bedrooms come with ample closets and a ceiling fan. Bonus perks? A large laundry room with counter space, washer and dryer included, and upgraded light fixtures throughout make this home bright and cheery. With a two-car garage, driveway parking, and access to fantastic neighborhood amenities, this home is move-in ready and waiting for its next chapter. Comfort, convenience, and energy savings await you in this dream home!
Source: TRIANGLEMLS #10053562
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10053562
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10053562