5525 Chatt Ct, Raleigh, NC 27616
8 beds · 3 baths · 2,603 sqft
Welcome home! This beautifully renovated 4-bedroom, 2.5-bathroom residence in the city of Raleigh, NC, offers over 2,600 square feet of thoughtfully updated living space that is truly move-in ready. As you step inside, you'll be greeted by a freshly painted interior that brings brightness and warmth to every room. The open and airy floor plan is perfect for both entertaining and everyday living. The heart of the home, the kitchen, has been completely updated with freshly painted cabinets, providing ample storage and a clean backdrop for all your culinary creations. The durable LVP flooring throughout the main living areas not only offers a contemporary aesthetic but is also incredibly low maintenance. The new roof ensures protection and long-term value, while an efficient irrigation system has been installed to help with your yard maintenance. Imagine spending cool evenings outdoors on your back screened in porch right of the kitchen breakfast area. This home's unbeatable location adds even more appeal. Nestled in a vibrant community, you'll find yourself just minutes away from an array of amenities, popular shopping and dining options, recreational facilities, and picturesque parks. Whether you're heading out for a quick shopping trip or enjoying a day in nature, everything you need is conveniently close. Commuting is also a breeze, thanks to easy access to major highways and public transit, making it simple to reach downtown Raleigh, Research Triangle Park, or other nearby destinations. Community amenities include a sparkling community pool where you can cool off on hot summer days or spend quality time with friends and neighbors. This inviting space enhances your lifestyle and fosters a strong sense of community. From the sleek updates to the perfect location, this home truly offers the best of Raleigh living. Schedule your private tour today to experience this exceptional home in person and see why it's the perfect place to make lasting memories!
Source: TRIANGLEMLS #10062392
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10062392
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: #10062392
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.