3034 E Bay Ct, Creedmoor, NC 27522
4 beds · 4 baths · 3,211 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled on over an acre corner lot this beautiful house located in the desirable Hawthorne subdivision boasts over 3,200 sqft for you to enjoy and a 3-car garage. Really well maintained by its original owners and freshly painted in the main areas and upstairs bedrooms. Formal dining room, great for gatherings or family dinner to enjoy. Your gourmet kitchen with a gas cooktop is waiting for you to create your masterpiece. Spacious living room great for gatherings, and a cozy fireplace. Stepping outside is another treat waiting for you. A screened porch great to sip your morning coffee or to enjoy your quiet evenings. Primary bedroom conveniently located downstairs with recess lights, tray ceilings his and her closets waiting for your wardrobe. Luxury ensuite bathroom with a dual vanity, soaking tub and separate shower is yours to enjoy. A laundry room and a drop zone are a great transition to your beautiful house. Going upstairs are three spacious secondary bedrooms, two full bathrooms,an office or flex room and a bonus room and a second laundry room. Eager for more? 191 sqft unfinished area great for storage or easy to convert in more living space. Smart irrigation in the front yard makes your life easier and your lawn gorgeous. A tankless water heater and a water softener installation are the bonuses you were looking for. With space for everyone, this gorgeous home has everything you need to make memories that will last a lifetime. This quaint community features a pool, playground, a pond, and a club house. The sellers offer one year home warranty. Easy commute to Wake Forest, Raleigh, Durham. Schedule a showing today.
Source: TRIANGLEMLS #10086482
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: TRIANGLEMLS #10086482
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.