95 Fairway Ln, Sanford, NC 27332
3 beds · 2 baths · 2,108 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Stunning Home in the Prestigious Carolina Lakes Community!VA Assumable Mortgage @ 3.875 percent. Welcome to this gorgeous ranch-style home, offering a spacious, open, and bright floor plan that is perfect for both comfortable living and entertaining. Located on the 17th hole of the golf course, this property offers the best of both convenience and luxury in the highly sought-after Carolina Lakes neighborhood.3 Bedrooms, 2 Bathrooms:Generously sized rooms with ample closet space, including a large master suite featuring an extra-large walk-in closetVaulted Ceilings: Beautiful vaulted ceilings in the great room and kitchen create an airy, open atmosphere that enhances the charm of the home.Sunroom: A heated sunroom with a TV wall mount—perfect for relaxing or hosting gatherings.Upgrades Galore: The home has been thoughtfully updated with high-end finishes, including:Luxury 7mm Brazilian Koa Wood Vinyl Plank Flooring—waterproof, scratch-resistant, and stunning throughout majority of the home. Waterproof Laminate Flooring inside Sunroom, Laundry Room, and Bathrooms.New HVAC installed in late 2022, ensuring comfort year-round.A Vivint Whole Home Security System with smart thermostats for peace of mind.Kitchen & Storage: The extra-large kitchen offers plenty of cabinets for storage, a pantry, and ample counter space, ideal for home cooks.Spacious Laundry Room: A large laundry room provides additional storage and convenience.Double Brick Fireplace: Enjoy the beauty of a double brick fireplace with built-in shelves in the main living area.Double Car Garage: Includes plenty of room for vehicles and storage.Community Amenities:GolfingEnjoy the stunning views and easy access to the 17th hole of the golf course.Neighborhood Pool & More: Carolina Lakes provides access to a variety of amenities, including a community pool, making this a perfect place to call home.SELLER IS MOTIVATED TO SELL! This home is priced to sell and will not last long. Schedule your showing today to experience the beauty and comfort of this exceptional property in Carolina Lakes!
Source: TRIANGLEMLS #LP739643
All values shown are estimated costs / mo.
Source: Public records
Source: TRIANGLEMLS #LP739643
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.