2342 Thomas Kelly Rd, Sanford, NC 27330
3 beds · 3 baths · 3,078 sqft sqft
Country oasis on over 14 acres in Harnett County! This 3,078 sf home rests in the seclusion of tall pines and nature just outside the quaint downtown Broadway. If you are looking for privacy and land, yet a short drive to conveniences, this is for you! Your new property sits at the end of a dead end road and is fit for hunting (stand already set up for you), trail riding, and hikes along your own creek in the woods. Tall ceilings and large windows fill the open concept floor plan with tons of natural light. Main level master bedroom, laundry, and two additional bedrooms. Finished second floor includes TWO huge bonus rooms (one being used as a bedroom currently) a full bath, and walk-in closet. Rocking chair front porch and back deck off of master for morning coffee and views of natural wildlife in your own backyard. No city taxes! 10 min to Sanford, 45 min to Fayetteville (Fort Liberty), 45 min to Raleigh. Shed, two carports, and appliances included!
Source: TRIANGLEMLS #LP732582
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #LP732582
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: #LP732582