525 Huffmantown Rd, Richlands, NC 28574
3 beds · 3 baths · sqft sqft
Situated on almost 2 acres in a country setting in the town of Richlands with no HOA, this charmer has a lot to offer. As you enter the spacious foyer, a formal dining room will be on your right and a coat closet as well as a storage closet with a built-in safe on your left. A large living room welcomes you and feels as though it was made for cozy evenings with a nice glass of wine, reading your favorite author, playing family games, conducting deep conversations or just watching movies while sitting around the wood-burning stove which has a custom-built firewood storage area. The open concept connects the living room with the kitchen with cabinets which provide adequate storage, stainless steel appliances, a working island and a pantry with built-in shelves and storage drawers which makes the cooking experience much more enjoyable. A half bathroom completes the main level. Upstairs you can explore a private Master suite with vaulted ceiling, three closets, double vanity, a garden tub and a shower. Two spare bedrooms with generous closets share a full bathroom. A nice loft can be used for fun and entertainment. A laundry room is conveniently located next to the bedrooms. A very private and fenced backyard is just asking for some fun to be had. Invite your friends over and spend long Carolina evenings on your patio while overlooking your fenced backyard and watching wildlife passing by - an abundance of birds, butterflies, owls, turtles, bunnies and opossums. Roast some marshmallows at an already established large custom-built fire pit, get to some handy work at your shed or start your small homestead or hobby farm. Looking for more fun and activities? A 15 minute drive to the locally known Mike's Farm for their famous hayrides and holiday festivities, or a 9 minute drive to Steed Park with walking trails, disc golf course, sports fields and playgrounds. This is Southern Living at its finest! The owners also installed a brand-new HVAC system in September 2024 and are offering a one-year home warranty. This property is conveniently located close to schools, military bases, a shopping center, and Albert J. Ellis Airport.
Source: NORTHCAROLINAREGIONAL #100471995
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100471995
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #100471995