254 Arlie Ln, Lillington, NC 27546
4 beds · 4 baths · 3,176 sqft
**Amazing Price Improvement** Stunning home in Arlie Meadows boasts of 4 large bedrooms, 3.5 baths and 3-car garage! Stepping into this home, you are welcomed by the spacious foyer, gleaming laminate wood flooring and office/study with recess lights and coffered ceiling just a few steps through the glass French doors. Family room is warmed by the electric powered fireplace and open floor plan that includes the huge gourmet kitchen. Double bluetooth operated ovens, huge island and gorgeous cabinetry makes this kitchen pop...stainless steel range hood & SS appliances, flat stove top and granite countertops adds to the the kitchen's appeal. Dining room is large enough for those much anticipated family and holiday gatherings that's quickly approaching. First floor primary bedroom with luxurious master bath w/ upgraded tile walk-in shower, tile seat and dual (rain head) showerheads. 2nd floor opens to sprawling loft space ideal for movie night. Generous hallway makes moving furniture a breeze! 3 additional bedrooms each with it's own walk-in closet and 2 full baths allows room for everyone to spread out. Ceiling fans and tv mounts in every bedroom. Bonus room with double door entry can be used as a playroom/ game room/theater room. Walk-in storage closet. The oversized 3 car garage lends space for plenty of storage or all things outdoors. Level 2 electric car charger inside garage! Screened porch overlooks the vinyl fenced backyard ideal for an inground pool. 250 gallon propane tank powers the 24kw Genrac generator only so that you will never be without power! 6 camera security system conveys also! Too many features to name...come see!
Source: TRIANGLEMLS #10056387
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10056387
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.
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.
MLS ID: #10056387
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.