610 Ballast Pt, Clayton, NC 27520
5 beds · 4 baths · 4,003 sqft sqft
Welcome to your dream home in the heart of Clayton! This impressive, over 4,000 sq. ft. residence combines modern design with timeless elegance and offers an abundance of space. Boasting 5 spacious bedrooms and 4 full bathrooms, this home caters to every need with room to grow and entertain. As you enter, you're greeted by an inviting dining area and stylish finishes throughout. The gourmet kitchen is a chef's delight, featuring granite countertops, stainless steel appliances, a large center peninsula, and ample cabinet space—perfect for hosting gatherings and creating unforgettable meals. Adjacent to the kitchen, the family room offers a cozy, spacious area to relax by the fireplace. The main level includes a generously sized bedroom with a full bath, ideal for guests or multi-generational living. Upstairs, the luxurious master suite is your private retreat, complete with a spa-like bath featuring a soaking tub, walk-in shower, dual vanities, and an expansive walk-in closet. Three additional bedrooms and a versatile bonus room provide plenty of space for a home office, gym, or playroom.One of the standout features of this home is the fully finished basement, offering endless possibilities! Whether you're envisioning a home theater, game room, or additional living quarters, this expansive space adapts to your lifestyle. The basement also includes storage options and access to the backyard, creating a seamless indoor-outdoor experience. Outside, enjoy the fenced backyard, perfect for entertaining or relaxing. Located in a desirable Clayton neighborhood with proximity to the Downtown, top-rated schools, parks, and shopping, this home is truly a rare find. Don't miss out on this remarkable all-in-one home!
Source: TRIANGLEMLS #10063048
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10063048
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: #10063048
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.