2900 London Bell Dr, Raleigh, NC 27614
5 beds · 3 baths · 3,105 sqft
Comfort, Convenience, Community!! WELCOME HOME to this AMAZING property that boasts an abundance of flex space for the way YOU want to live! Let's begin at the welcoming front porch, which opens to a 2-story, light-filled foyer /an oversized office w/french doors! This is a great downstairs flex space to use how you need! Next, we step into the generous sized dining room w/chair railings & wainscoting that leads to the kitchen through a butler's pantry/dry bar to assist in family meals & entertaining of guests. The kitchen boasts SS appliances, granite countertops, center island & eat-in, light filled breakfast area! The kitchen opens to the large living room complete w/lots of windows & gas FP. Upstairs find 3 ample sized bedrooms & hall bath with dual vanities! The spacious Primary Suite welcomes you with double doors, tray ceiling, bath w/double vanities, separate shower, tub & WIC. The large Bonus/Bedroom truly is a BONUS! With its own staircase leading down behind the kitchen, closets & attic access, this room could easily be another bedroom, craft room, home office or SWEET teenager suite! Situated on a corner lot, the side loading oversized garage provides enough space for 2 SUV's, all the bikes & toys & there's a generator plug in! The backyard is fenced & overlooks a creek that you can enjoy from your extra large back deck! Fresh paint throughout, steam cleaned hardwood floors, tile & carpet make this home ready for YOU!! Don't miss the walk in crawl space, large enough for all your storage needs! ROOF: 4-5 YRS HVAC: 2-3 YRS GAS WATER HEATER: 5 YRS GAS
Source: TRIANGLEMLS #10085329
Financials
Source: TRIANGLEMLS #10085329
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.