5915 Eaglesfield Dr, Raleigh, NC 27613
3 beds · 3 baths · 1,898 sqft
Sellers offering a $3,000 credit! Welcome to your dream home in the highly desirable Harrington Grove subdivision! Sellers are offering a home warranty with acceptable offer! This stunning two-story residence offers 3 bedrooms, 2.5 baths, and an array of modern features that blend style and comfort. As you enter, you'll be greeted by a grand two-story foyer, complete with a cozy sitting area and an abundance of natural light. The formal dining room flows effortlessly into the beautifully updated kitchen, which is a chef's dream featuring sleek quartz countertops, stainless steel appliances, and under-cabinet lighting for a polished look. The kitchen opens into a spacious, bright family room, ideal for both relaxing and entertaining. The luxurious primary suite serves as a private retreat, boasting vaulted ceilings, plenty of natural light, and a generous walk-in closet. The spa-like ensuite bathroom offers dual vanities, a soaking tub, and a walk-in shower—perfect for unwinding after a long day. Two additional bedrooms provide ample space for family or guests, offering comfort and privacy. The oversized two-car garage is perfect for additional storage or DIY projects, while the large front porch with an awning and the back patio designed for grilling create a perfect setting for outdoor gatherings. The expansive fenced backyard is ideal for play, pets, or gardening, offering endless possibilities for outdoor enjoyment. Located near scenic neighborhood trails, a playground, and the HG Swim and Racquet Club, this home offers a combination of modern living and easy access to community amenities. Don't miss your chance to make this exceptional property your new home!
Source: TRIANGLEMLS #10077807
Source: TRIANGLEMLS #10077807
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.