620 Sunset Dr, Sanford, NC 27330
3 beds · 2 baths · 1,983 sqft sqft
Welcome to this meticulously maintained 1947-built home nestled on half an acre in the heart of Sanford, NC. Boasting timeless charm like hardwood floors and modern upgrades, this property offers a unique blend of historic character and contemporary comfort. The kitchen has been tastefully upgraded with fresh paint, tile backsplash, new appliances , butcher block countertops, and ample cabinet space, seamlessly blending functionality with style. With 3 bedrooms and 2 bathrooms, including a downstairs bedroom that can serve as a primary suite or office, this home offers versatile living arrangements to suit your needs. The almost 700 sqft unfinished basement provides excellent storage space and potential for future expansion or a workshop area. It currently is being used for a home gym and storage. Enjoy your outdoor living space with a concrete pad that was once a tennis court, perfect for recreational activities or potential conversion to suit your lifestyle. Established raised garden beds offer the opportunity for gardening enthusiasts to cultivate their own produce. Relax and unwind on the deck overlooking the expansive backyard, providing a serene retreat right at home. Your new home is conveniently situated close to downtown Sanford, this property offers easy access to shopping, dining, and entertainment. Highway US1 is also nearby, ensuring convenient travel to neighboring cities. This home presents a rare opportunity to own a piece of Sanford's history while enjoying modern comforts and plenty of space for both indoor and outdoor activities. Whether you're looking for a charming family home or a tranquil retreat, this property offers endless possibilities. Don't miss out on this unique blend of history, charm, and convenience. Schedule your private tour today and envision yourself calling this delightful Sanford residence your new home.
Source: TRIANGLEMLS #10028186
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10028186
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 30-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: #10028186
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.