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2637 Saddlewood Cir SW, Concord, NC 28027

3 beds · 2 baths · 1,500 sqft

Make this stunner your new home! Located in Old South with no covenants on record or HOA dues, and with a half acre lot, it is convenient to shopping, dining, and entertainment venues. Beautifully decorated with gorgeous LVP flooring, lighting & plumbing fixtures, and neutral paint, you'll feel spoiled every time you come home. A dream for the chef, your kitchen contains stainless appliances, farmhouse sink, pantry, and granite tops. The spacious Primary suite fits a king bed easily and has a walk-in closet. Morning pampering in the Primary Bath will be a pleasure. The secondary bedrooms are spacious for the one that has too many toys. There are plenty of places to enjoy a meal, either in the formal Dining Room or Breakfast Area. Enjoy your morning coffee within the screened-in back porch. Best of all for those that have hobbies, there is a large workshop within the 2-car garage along with an awesome fenced-in backyard!

Location
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Loan details
Home details
Size
1,500 sqft
Year built
1991
Type
Single Family Residence
HOA dues
$0.00

Source: CANOPYMLS #4241053

Qualify

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.

Resources
Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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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Last updated: Apr 03, 2025 11:28 pm
Listing agent: Kim Gandy (980) 621-9854
Listing provided courtesy of: Chilton Realty and Associates (704) 906-2561
Details provided by CANOPYMLS and may not match the public record.
MLS ID: #4241053
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
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