545 W Main St, Hamlet, NC 28345
3 beds · 1 baths · sqft sqft
Welcome to 545 W Main St! This beautiful home sits in the perfect location for strolling downtown Hamlet and enjoying all the amenities and community events. From Friday Food Trucks to July 4th fireworks to the annual Seaboard Festival, you will LOVE being within walking distance to it all! This brick home features a huge wrap around front porch, a detached carport, and a covered back porch. Inside you will love the high coffered ceilings, gas fireplace, and built in bookshelves. Bedrooms feature large closets and cozy carpets. A formal dining room gives space for the whole family to gather. A major plus is the potential for rental income. A converted detached garage is the perfect one bedroom apartment or man cave with a kitchen, living room, bedroom, and bath!
Source: NORTHCAROLINAREGIONAL #100460628
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100460628
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: #100460628
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.