4132 E Horne Ave, Farmville, NC 27828
4 beds · 3 baths · 2,100 sqft
Nestled on a charming, peaceful street in the heart of the coveted Farmville neighborhood, this delightful home offers the perfect blend of comfort and convenience. Just a short stroll from vibrant galleries, cozy cafes, and unique shops in the downtown area, it's a prime spot for enjoying the local flair.This 4-bedroom, 2-bathroom beauty boasts spacious living with a grand formal dining room, cozy den, and a sun-soaked sunroom perfect for morning coffee or quiet afternoons. The updated kitchen is a chef's dream, featuring a generously sized pantry and sleek gas stove for all your culinary adventures. All appliances are less than 3 years old.Fresh paint and new carpet throughout. Electrical and plumbing systems, have been updated. The windows have been upgraded to low-maintenance vinyl, ensuring both efficiency and ease. All the bedrooms are roomy and inviting, offering ample space for relaxation. Bathrooms are updated , and the fireplace in the living room has a new fireplace insert. The roof was new in 2023, as was the upstiars heat pump. The gas pack downstairs was replaced in 2024. Out back is a new patio as well as a 10 x 12 storage shed. A true gem in a sought-after location—don't miss your chance to own this piece of Farmville.
Source: NORTHCAROLINAREGIONAL #100495702
Financials
Source: NORTHCAROLINAREGIONAL #100495702
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.