3770 W Wilson St, Farmville, NC 27828
5 beds · 2 baths · sqft sqft
Motivated seller! Offering at appraised value (appraisal available). Walk out onto your large balcony from the master bedroom and enjoy the Best location in Farmville! Perfectly situated, and zoned, to become almost anything you want it to be, residential, commercial, or both, and nestled between Gorham's Restaurant (formerly The Colonial Inn) and the Convention Center, and a two-minute walk to downtown, the fireworks display, the Dogwood Festival, the beautiful new library, and almost everything Farmville has to offer. This property is also just a 15-minute drive to the ECU Medical Center. Enjoy a very private backyard all while being where the action is. Solid home with original hardwoods, tile, thick crown molding throughout, and original solid wood doors and hardware. Home kept as original as possible. The owner loved the one of a kind feel of this amazing property. In her own words; ''I will always love this house. It just has so much history and I wish I could keep it but I know someone else will fall in love with it too and make it their own!!'' A home that's just a pleasure to live in; there's a large, covered side porch to relax in the shade and above, accessible only from the upstairs Master Bedroom, walk out onto the large veranda for morning coffee at sunrise or to watch the July 4th Fireworks. Master also connects directly to adjacent bedroom via a private closet and a walkin cedar closet is nearby. Ample laundry room is conveniently just off the garage, a galley kitchen that retains its rustic appeal, updated Dining Room balancing nicely with original elements, a very large living room and large full floored attic. There are two wood burning fireplaces, one in the living room and one in the master bedroom (living room set up for Natural Gas). New heat pump, septic line, garage door, front windows, moisture barrier/access doors/crawl space cleaned, kitchen sink/faucet, dining room updated.
Source: NORTHCAROLINAREGIONAL #100462821
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100462821
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: #100462821
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