373 Offing Dr, Fayetteville, NC 28314
3 beds · 2 baths · 1,804 sqft
$275,000.00 WATERS EDGE 3BR/2BA This incredible home has so much to offer inside and outside! Exceptionally large front deck - just perfect for relaxing or entertaining. The freshly painted living room offers a cozy fireplace, vaulted ceiling, and beautiful laminate. Stunning granite counters, recessed lighting, fabulous fixtures and loads of cabinet space dress up this amazing kitchen! Laundry and dining room add to the utility of the total space. The updates throughout the home are exceptional. Bathrooms offer beautiful tile, granite, fixtures, and cabinetry - to include a double vanity. Flat section of roof replaced with metal roofing 2024. You will be thrilled to have the oversized driveway/patio AND an 18' x 20' metal garage! This space is perfect for outdoor entertaining and or a workshop! A/C and duct work 2024! Welcome to your new home, we would love to have you visit it today!
Source: TRIANGLEMLS #LP739933
Financials
Source: TRIANGLEMLS #LP739933
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.