605 Canterbury Rd, Sanford, NC 27330
3 beds · 3 baths · 1,930 sqft
Welcome to your dream home! This beautifully renovated 1960 brick ranch offers the perfect blend of classic charm and modern amenities. Nestled at the end of a quiet street, this property is set on a stunning wooded lot, providing you with the privacy and tranquility you've been searching for. Step inside to discover a bright and inviting interior, featuring fresh paint throughout and brand-new flooring that complements the home's timeless character. The spacious living area flows seamlessly into the newly designed kitchen, complete with all-new cabinets, elegant granite countertops, and modern plumbing and lighting fixtures—ideal for both everyday living and entertaining guests. A huge walk-in pantry adds to the kitchen's appeal, offering ample storage space for all your culinary needs. With a new HVAC system and roof, you can enjoy peace of mind knowing that this home is not only aesthetically pleasing but also move-in ready. Each room has been thoughtfully updated to provide comfort and style, making it perfect for families or anyone looking to downsize. Location is key, and this property does not disappoint! Situated conveniently near major highways, you'll have easy access to a variety of important workplaces and local attractions, making your daily commute a breeze. Don't miss your chance to own this stunning home in a serene setting. Schedule a showing today and experience the perfect blend of comfort, style, and convenience! Showings start Friday 11/8/2024.
Source: TRIANGLEMLS #10062081
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10062081
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: #10062081
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.