320 Thorne Rd, Pinehurst, NC 28374
4 beds · 3 baths · 2,768 sqft
Welcome to this gorgeous and expansive 4-bedroom Pinehurst home, where comfort, style, and convenience blend seamlessly. The kitchen features granite countertops, white cabinets, stainless-steel appliances, and lots of counter space which flows into the dining room highlighted by a sophisticated coffered ceiling. The open living area is designed for both entertaining and relaxation. The primary suite serves as a private sanctuary, offering a spacious walk-in closet, a luxurious stand-alone soaking tub, a tiled walk-in shower, dual vanities, granite countertops, and a private water closet. A secondary bedroom on the main floor, with easy access to a full bathroom, provides an excellent guest retreat. A generous laundry room and mudroom add extra storage solutions. Upstairs, two well-sized bedrooms, a full bath, and a versatile bonus room offer endless possibilities—whether used as a media room, home office, or even a fifth bedroom. Step outside to a peaceful, fenced backyard featuring a covered porch, a concrete patio, and a delightful, raised flower/ herb garden—ideal for unwinding, hosting gatherings, or drinking morning coffee. Nestled in a prime location with easy access to the Village of Pinehurst, Southern Pines, medical facilities, shopping, and with an easy commute to Ft. Bragg, this home offers it all. Other key features include a 2-car garage, No HOA, transferable termite bond, HVAC serviced in February 2025, and fresh paint in some areas of the home.
Source: NORTHCAROLINAREGIONAL #100496988
Financials
Source: Public records
Source: NORTHCAROLINAREGIONAL #100496988
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.