6891 Florence Rd, Merritt, NC 28556
3 beds · 2 baths · sqft
Welcome to 6891 Florence Road in Merritt, NC! Situated on 1.2 acres, this charming property offers a delightful blend of modern amenities and rustic charm. Adorned with modern stone and vinyl siding, the exterior boasts a covered front porch, perfect for enjoying the tranquil surroundings. Step inside to discover an inviting open floor plan featuring 3 bedrooms and 2 full bathrooms. The heart of the home is the spacious living room, featuring luxurious LVP flooring and a cozy fireplace, ideal for gatherings or quiet evenings in. Your living room leads into the chef's kitchen, complete with white cabinets, stone backsplash, stainless steel appliances, butcher block countertops, a wine cooler, and a stunning kitchen island equipped with a breakfast bar. To the right of the living area, you'll find the primary suite, offering plush carpeting, a walk-in closet, and a private bathroom a custom vanity, and a large walk-in shower with a rain showerhead. Down the hall is another guest bedroom, perfect for family or visitors. At the rear of the home, a convenient laundry room awaits, complete with custom cabinets and a folding station. The additional bedroom can be found back here as well and has carpet and a reach in closet. Right outside this bedroom is the door leading to the expansive back deck perfect for grilling, outdoor entertaining or relaxing and enjoying the wide-open land. Additionally, a detached shed provides ample storage space or could be converted into a workshop or covered parking area. With plenty of space for gardening or raising chickens, this property offers endless possibilities. Enjoy harvesting treats from the apple, fig, and pecan trees right in your backyard. For outdoor enthusiasts and water lovers, this home offers access to numerous creeks leading to the ICW and Neuse River. Minutes from the town of Oriental and a short drive to Historic Downtown New Bern with area shopping and dining!
Source: NORTHCAROLINAREGIONAL #100464317
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100464317
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: #100464317
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.