4985 Barber Rd, Seven Springs, NC 28578
3 beds · 2 baths · 1,720 sqft
Country Living at its Finest! Spacious living areas spread across 1721 square feet on the main floor; upstairs, you will find a massive surprise with an additional 962 square feet of living space. It is a quaint home with a HUGE Detached Garage! Escape the hustle and bustle and embrace the serenity of country living in this retreat! This charming home offers a perfect blend of rustic elegance and modern comfort. Boasting a full covered porch, expansive detached garage, and thoughtfully designed interiors, this property is a true gem waiting to be discovered. Upstairs you will find two rooms that were used for bedrooms, and another room used as an office but use this space as you like. Also, a fully functional bathroom is upstairs, which is great for those in this living space. Back downstairs, are three cozy bedrooms on the main floor, providing ample space for rest and relaxation—two well-appointed bathrooms, including a spacious ensuite in the primary bedroom. The well-appointed kitchen features modern appliances, abundant cabinet space, and a convenient breakfast bar. The gas stove is LP. Gather around the fireplace in the inviting living room, perfect for cozy evenings with loved ones. Detached Garage: A car enthusiast's dream! The 1200-square-foot detached garage offers ample storage space for vehicles, equipment, and hobbies. Don't miss this rare opportunity to own your slice of country paradise. Schedule a showing today and experience the beauty and tranquility for yourself! Welcome home to your fantastic country retreat!
Source: NORTHCAROLINAREGIONAL #100474601
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100474601
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: #100474601
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.