806 Sunset Dr, Carthage, NC 28327
4 beds · 2 baths · 2,488 sqft
MOTIVATED SELLERS! Easy to show! Are you looking for a homestead close to town? This renovated ranch with partially finished basement sits on almost 3 acres of land within the charming town of Carthage. This home has been renovated top to bottom and has so much to offer! Newer Roof, Solar Panels, LVP Flooring, vinyl windows, SS kitchen appliances, quartz countertop, undermount trough sink, fencing, updated bathrooms, and more! This property has been loved and has everything you need to move right in and start growing your own vegetables with 7 raised garden beds ready for planting and a compost to fertilize your garden. There are shiitake logs and oyster logs for you to harvest your own mushrooms in the woods down by the creek. There are 2 chicken coops, permanent animal enclosure and several established fruit trees: one fig, two peach trees, two apple trees, one blackberry bush, and a juneberry tree. There is also established asparagus, rosemary, lavender, thyme, peppermint, and lemon balm (great for tea!) There is a large, cleared area to the left of the home that would work great as a pasture. There is plenty of room for an RV or boat if you have one you wish to keep on the property. Inside this home, you will find a large Livingroom, Dining room, 4 bedrooms, 2 bathrooms a beautifully updated kitchen with the original tongue and groove cabinets, paneling, and ceiling, a canning pantry, brand new fireplace (about 2 months' worth of ready-to-go firewood), a spacious sunroom for comfy relaxation during the winter months. Downstairs a partially finished basement with, laundry room, large 2nd Livingroom/den, unfinished mechanical room and old bomb shelter which is great for storage or potential for a root cellar. The HVAC and Hot Water Heater was serviced on 6/12/24 and a new Whole-House Dehumidifier has been added. Sellers will not be making any repairs.
Source: TRIANGLEMLS #LP731247
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #LP731247
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: #LP731247
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.