3848 Burnage Hall Rd, Harrisburg, NC 28075
4 beds · 5 baths · 5,118 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to the Magnolia Springs subdivision in the City of Harrisburg in the County of Cabarrus. This property offers a fantastic living space in a community that offers many features including community swimming pool, play ground, tennis courts, walking trail and sidewalks. This property features a two-story foyer and hardwood floors. The Dining Room features crown and wainscotting moldings. Then enter the spacious Great Room with neutral decor. The Great Room opens to the kitchen with granite countertops, plenty of cabinet space, Flat top range/oven, Built-in microwave oven and tile surround. The island in the kitchen has room for seating. Upstairs you will find the Owner's Suite with a large sitting room, tray ceiling. The Owner's Suite Bathroom features tile flooring, a garden tub, a separate shower and a vanity area. The secondary bedrooms are spacious. And a Jack and Jill Bathroom.
Source: CANOPYMLS #4200954
Source: CANOPYMLS #4200954
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.