4 Winding Trl, Whispering Pines, NC 28327
4 beds · 5 baths · 3,098 sqft
This stunning 3-year-old home offers 3,098 square feet of beautifully designed living space, featuring 4 spacious bedrooms, 3 full bathrooms and 2 half bathrooms. Situated on nearly an acre (0.918 acres) of meticulously landscaped grounds, this home combines elegance with functionality. Step inside to discover exquisite Crown Molding and durable LVP flooring throughout the main living areas. The chef's kitchen is a standout, offering a large island with a sink, ample cabinetry, and seating for 3-4 people, making it perfect for both cooking and casual dining. It is fully equipped with high-end appliances, including a refrigerator, range, built-in microwave, and dishwasher. Soft-close cabinetry adds an extra touch of luxury. The luxurious primary suite boasts a generous walk-in closet and plush carpeting. The en-suite bathroom features a double vanity with a sleek granite countertop, a tiled shower, and elegant tile flooring. A highlight of the home is the expansive 15' x 31' bonus room on the second floor, complete with a full bath and double closets. This versatile space offers endless possibilities for a home office, playroom, or entertainment area.
Source: NORTHCAROLINAREGIONAL #100483803
Financials
Source: Public records
Source: NORTHCAROLINAREGIONAL #100483803
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.