628 Spaulding St, Burlington, NC 27215
4 beds · 3 baths · 2,680 sqft
Bright, spacious, move in ready 4-bedroom, 2.5-bath home in beautiful Mackintosh on the Lake. The open 1st floor features LVP flooring throughout, a separate dining room with elegant wainscoting and crown molding perfect for entertaining. A sunny family room w/ gas log fireplace flows into your modern eat-in kitchen offering, S/S appliances, subway tile backsplash, large pantry, island & tons of cabinets for storage! A private office by the entry is separate from the living area providing an ideal space for working from home. Laundry room and half bath finish the first floor. 4 bedrooms plus a loft all conveniently on the second floor together gives tons of space for everyone! Amazingly large owners suite has vaulted ceiling, space for a sitting room and an ensuite w/ double vanity, seperate shower, garden tub and huge walk in closet. The loft space gives you flexibility for an additional living area or playroom. Easy access to your back patio from your eat in breakfast room is perfect for grilling & entertaining overlooking a serene retention pond and natural area. Additional features include a 2-car garage and ample storage space throughout. This home offers comfort, style, and functionality—perfect for modern living. Resort-style amenities include pool, splash pad, basketball, volleyball, and tennis courts, miles of sidewalks and planned community events for all ages!
Source: TRIANGLEMLS #10055594
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10055594
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: #10055594
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.