438 S Hillsborough St, Franklinton, NC 27525
3 beds · 3 baths · 1,568 sqft
Welcome to this beautifully crafted 2023-built Craftsman-style home, designed with modern elegance and superb curb appeal. Nestled just minutes from dining and shopping in one of the northern Triangle's most vibrant up-and-coming downtown districts, this home offers both style and convenience. The full rocking chair front porch invites you in, where warm luxury vinyl plank floors and sophisticated crown molding greet you on the main level. The kitchen boasts white shaker panel cabinets with cove crown molding, stunning quartz countertops, a subway tile backsplash, and stainless steel appliances. Recessed lighting and ample windows fill the space with natural light, while a window above the sink adds a charming spot for plants or herbs. The adjacent dining area features a sleek 3-bulb chandelier, and the family room is bright and inviting, complete with a brushed nickel ceiling fan. Upstairs, the primary suite is a serene retreat with plush carpeting, a large en-suite bathroom offering tile flooring, dual vanities, white cabinets with quartz countertops, a walk-in shower, and separate water closet. Enjoy the outdoors in the flat backyard with a concrete patio—ideal for relaxing or entertaining. Don't miss this opportunity to live in a home that combines modern amenities with Craftsman charm in an unbeatable location!
Source: TRIANGLEMLS #10070910
Financials
Source: TRIANGLEMLS #10070910
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.