523 S Griffin St, Elizabeth City, NC 27909
3 beds · 1 baths · sqft sqft
Come on home to 523 Griffin Swamp Road, a well-built brick ranch located in Southwest Pasquotank County offering the perfect blend of country living with modern amenities. Nestled in the tranquil countryside of Elizabeth City, this home delivers both the serenity of a rural setting and the conveniences needed for today's lifestyle. With three generously sized bedrooms and a spacious bathroom that includes both a stand-up shower and a separate tub, this home is designed for comfort and ease. The hardwood floors throughout add a touch of warmth and Southern charm to every room. The kitchen is a highlight, featuring a walk-in pantry and upgraded stained cabinetry that's both elegant and highly functional. The primary bedroom boasts two separate closets and additional built-in storage. The large bathroom is well-appointed, providing everything you need to either get ready quickly or enjoy a relaxing soak after a long day. One of the unique features of this home is the converted garage, now offering extra living space. Whether you envision a cozy spot to unwind, a home office, or a game room, this versatile area allows you to customize it to suit your needs. Step outside onto the screened-in porch, the ideal place to enjoy your morning coffee or unwind in the evening without the hassle of bugs. The expansive backyard includes a barn with separate rooms, perfect for tackling projects or storing your equipment. And when the temperature rises, the above-ground pool offers a refreshing escape. Plus, you won't have to worry about slow internet in this rural area; Starlink internet is already installed and can convey with an acceptable offer. Large safe in bonus room to also convey. Appliances also convey. The detached barn/storage building has recently been repainted, has a newer roof, and is great storing pool supplies and working on your projects!
Source: NORTHCAROLINAREGIONAL #100461720
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100461720
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: #100461720
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.