308 Monterey Ct, Benson, NC 27504
4 beds · 3 baths · 1,850 sqft sqft
Motivated Sellers and a price set to move, now is the time to make your offer. This 4-bedroom, 2.5-bath beauty is bursting with features that will leave you in awe. Recent updates include a new roof in 2022, and in 2024, the waterlines were replaced, along with the installation of a new water softener. Step into your master suite, complete with his-and-her closets. The newly installed carpet feels like velvet underfoot, while the fresh paint makes every room glow. The kitchen? An entertainer's paradise with gleaming granite countertops, ceramic tile flooring, and not one, but two pantry closets. Upstairs, you'll find a convenient linen closet for added storage. Unlock the hidden potential of this home's spacious unfinished attic, boasting an impressive ceiling height of 12 feet from floor to ceiling—an incredible opportunity to create the extra living space of your dreams! Set on nearly an acre of lush, peaceful land, you'll love the privacy of being tucked away on a cul-de-sac. Even better, McGee's Crossroads Pool and Tennis Club is located within the Desert Pines subdivision, offering exclusive access to fantastic amenities like swimming and tennis courts. The club also features a swim team and swim lessons, perfect for staying active or getting the kids involved in the community. And with a 2-car garage, this home truly checks every box! Don't let this slice of perfection slip through your fingers—this is the one.
Source: TRIANGLEMLS #10057995
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10057995
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10057995