555 Avenue Of The Carolinas, Carthage, NC 28327
4 beds · 4 baths · 2,757 sqft
Are you looking for a gem located in beautiful Moore County with a community swimming pool, gym, and club house? You have found it! Come and simply be mesmerized by the beauty of this home! Downstairs, you will find a massive Owner Suite, with a gorgeous Master Bathroom with a walk in shower and a beautiful soaking tub fit for royalty! You will also be greeted by a fabulous gourmet kitchen, gorgeous granite, beautiful formal dining room with coffered ceilings, and a lovely fireplace waiting to warm you! Upstairs, you find 3 generously sized bedrooms, a full bathroom, and a large bonus room that can be used as a second living space and/or play room. Head on downstairs, but don't forget to stop in your fabulously stylish kitchen and grab your favorite cup of JOE or drink and head on out back and enjoy watching the sunrise/sunset over the green! As a gift, sellers are leaving Air Purifier (Air Scrubber by Aerus) located in attic, all updated lighting, fridge, blinds, shed, swing set, and outdoor television. Décor (decals) on guest walls/bathroom can be easily removed or left to enhance the 'cuteness overload' of this beauty! This beauty is located close to schools, shopping, golf courses, hospitals, and is a short and easy commute to Fort Bragg and Camp Mackall. Updates include: new thermal expansion tank, paint (interior/exterior), lighting, tile, sod, patio extension, fire pit, hydrangeas, retention wall/pavers, sprinkler system, and SO MUCH MORE!
Source: NORTHCAROLINAREGIONAL #100498034
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100498034
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.