311 Strut Ln, Richlands, NC 28574
4 beds · 3 baths · sqft sqft
Seller is offering $5000 towards closing costs or use as you choose! Welcome to Turkey Ridge in the town of Richlands! Are you looking for a meticulously maintained 4-bedroom home that includes a bonus room that has a full bathroom? Look no further! NO HOA and NO CITY TAXES! This one-owner home is only a few years old and has never had any pets inside. You can feel and see how well maintained this home is as soon as you walk inside. Upon entering the home, to the right of the foyer is a large, formal dining room with trey ceilings, and access to the living room-giving it that open concept feeling, yet still have its own separate space. The master bedroom is off of the living room as well, separate from the other rooms for added privacy. This spacious first floor master features plenty of natural light, ceiling fans, a large walk-in closet as well as an amazing master bathroom! This bathroom has dual vanity sinks, ample counter space, walk in shower, private toilet and a large soaker tub. The open concept living room provides plenty of space and is open to the large kitchen. This kitchen features stainless steel appliances, island, granite counter tops, desired white counter tops, recess lighting and so much more. Have you always wanted that extra space for family, friends, game room, office or mother-in-law space? The spacious bonus room has the needed space as well as its own full bathroom! Two separate bedrooms are also meticulously maintained and feature ceiling fans. There is also a separate laundry room as well as a two-car garage. Don't forget the exterior! Beautiful landscaping and a peaceful water feature add to the audible and visual desire of the home, along with the large covered front porch. Don't let this like- new home pass you by! Schedule a showing today. This home won't last long!
Source: NORTHCAROLINAREGIONAL #100460327
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100460327
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: #100460327
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