VA loan
1 of 50
VA loan
$685,000

6 Eagle Dr, Jackson Springs, NC 27281

5 beds · 3 baths · sqft sqft

Welcome to this unique 5-bedroom, 3-bathroom home nestled in the desirable Foxfire Village Golf Course neighborhood. As you step inside, you'll immediately appreciate the inviting LVP flooring that stretches across the first floor, providing both durability and style. The spacious layout features two cozy gas-burning fireplaces, perfect for gathering with family and friends. Natural sunlight floods the home, creating a warm and cheerful atmosphere throughout. The oversized master bedroom serves as a private sanctuary, complete with a separate office space—ideal for remote work or quiet reading. With four additional well-appointed bedrooms, there's ample room for family or guests. Head upstairs to discover a versatile bonus room, perfect for a play area, media room, or extra guest space. Enjoy your morning coffee or evening relaxation on the charming front sitting porch, or retreat to the enclosed back patio, which overlooks a fenced-in backyard—perfect for outdoor activities and entertaining. This exceptional home combines comfort, style, and a prime location in a vibrant community. Don't miss the opportunity to make it yours!

Interest rate 3
3%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,346
With Roam
$1,930
Reduce your monthly payments by $584 when you assume this mortgage.
You also save $180,016 in total interest paid.

$396,079
Edit

You may be able to put down less than the total down payment amount of $396,079 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
0.94 acres
Year built
2019
Type
Single Family Residence

Source: NORTHCAROLINAREGIONAL #100468723

Loan
Remaining term
25 years, 8 months
Rate
3%
Monthly P&I
$1,346
Remaining loan balance
$288,920

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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.

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Last updated: Oct 22, 2024 11:07 pm
Listing agent: Sherry McPhatter (910) 870-0083
Listing provided courtesy of: exp Realty (888) 584-9431
Details provided by NORTHCAROLINAREGIONAL and may not match the public record.
MLS ID: #100468723
The data relating to real estate on this website comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Roam Brokerage, LLC shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Copyright © 2024 North Carolina Regional MLS LLC. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,346/mo
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