2808 Sand Trap Ln, Hope Mills, NC 28348
4 beds · 4 baths · 3,454 sqft
**For Sale: Stunning 4 Bedroom, 3.5 Bath Home in Hope Mills** Discover your dream home nestled on a spacious .36-acre lot in a tranquil cul-de-sac neighborhood. This beautifully maintained 2011 home boasts numerous upgrades and modern amenities for comfortable suburban living. **Key Features:** - **Bedrooms/Baths:** 4 Bedrooms, 3.5 Baths - **Office Space:** Conveniently located downstairs; perfect for remote work or study - **Living Space:** - Spacious media room featuring surround sound, projector screen, and movie-style seating for ultimate entertainment - High ceilings in the foyer create an inviting entryway - Large secondary bedrooms and bathrooms located upstairs - **Kitchen:** - Gourmet kitchen with two-story granite countertops and tile backsplash - Stainless steel appliances included (washer, dryer, and refrigerator) - Dual vanity sinks and walk-in shower in the master bath, plus a soaking tub for relaxation - Designed for culinary enthusiasts, this kitchen has been the birthplace of some of the finest Creole cuisine - **Additional Living Spaces:** - Screened-in sunroom wired for electric and equipped with a ceiling fan; perfect for enjoying the outdoors year-round - Terry laundry room located on the main floor for added convenience - **Outdoor Features:** - Partially furnished fenced backyard, ideal for pets and gatherings - Landscaped yard with compost included for gardening enthusiasts - Two-car garage with ample storage space - **Utilities:** Public water, septic, and propane fireplace - **Interior Design:** - Luxury vinyl flooring downstairs; carpeted upstairs for comfort - Beautiful wainscoting in the master bedroom and barn doors for a stylish touch - Tons of closet space throughout the home, including walking closets for added convenience - **Community:** Conveniently located close to various amenities while still offering a peaceful suburban lifestyle This home is truly a gem that has been well taken care of by its original owner. Schedule a tour today to experience all the features and charm this property has to offer!
Source: TRIANGLEMLS #10067231
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10067231
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: #10067231
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.