282 Jefferson Rd, Mooresboro, NC 28114
3 beds · 2 baths · sqft
Back on the market- no fault of the seller. Secluded brick home located at the end of a dead end road where you can relax, enjoy nature, and watch the abundant wildlife on the 17.73 acres. Many improvements have been made to the home including updated bathrooms, kitchen (look at the beautiful countertops- I would love cooking in this kitchen), laundry room, dining room, basement, and more. The primary suite has a walk-in closet and full bath. The basement has an epoxied concrete floor, and a new moisture barrier with 2x4 framing. The basement is heated and cooled, ready for you to finish with the material and design of your choice. Need an extra bonus room or two? It wouldn't take much to make that happen with an additional 1200 sqft. The updated HVAC is a York dual system. There are 2 creeks, 9 acres of cleared land, and a great number of hardwoods. The gently sloping cleared land leaves an open canvas for any homeowner to create their dream property. Located close to US-221 & US-74.
Source: CANOPYMLS #4125135
Interest rate and monthly payment estimated based on public records.
Source: CANOPYMLS #4125135
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: #4125135
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.