573 Herons Brook Dr, Whispering Pines, NC 28327
4 beds · 4 baths · 2,790 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This stunning 4-bedroom, 3.5 bath home in the desirable Herons Brook subdivision of Whispering Pines is waiting for you! This original owner home has builder upgrades to include a side-facing oversized garage, large added covered porch, and floorplan modifications adding approximately 150 sf. This luxurious home has hardwood and tile throughout and not a stitch of carpet. Vaulted ceilings in the foyer and living room take full advantage of natural lighting. A large granite island in the kitchen adds to functionality and provides great separation from the living room. There is a dining area off of the kitchen as well, which adds to the great flow of this home. The formal dining area has been walled off to create a lovely office space. The living room is spacious with a gas-burning fireplace framed elegantly with built-in storage and bookshelves. The primary bedroom with its tray ceiling, large primary bath and walk-in closet is on the first level, nestled away from guests or other occupants. Upstairs you will find a guest room with an ensuite bath as well as two more bedrooms and a hall bath. This property absolutely has it all, including all the amenities of the Herons Brook Community: fishing pond, gated pool and clubhouse, green space and children's play area. As a resident of the Village of Whispering Pines, you will also have access to the community's numerous lakes and lake parks, as well as the newly added community center with walking trails, etc... Thagard Lake park is just down the street!!!!!
Source: NORTHCAROLINAREGIONAL #100500653
All values shown are estimated costs / mo.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100500653
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.