10 E Cloverfield Ln, Hampstead, NC 28443
4 beds · 4 baths · 3,268 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This priced to sell, massive three-story home settled in the amazing Wyndwater Community of Hampstead, and is in the highly sought after Topsail school districts, right around the corner from Kiwanas Park. Located on a side street with minimal traffic, one can enjoy the rocking chair front porch or retreat to the screened-in porch out back off the living room. From the front door you enter the foyer where you will find a formal dining room to the right, the stairs heading up to the left, and the main living areas straight ahead. The open floor plan is perfect for gathering large numbers in the living room, which features a gas fireplace, or in the kitchen at the island or breakfast nook. There is a full bathroom and bedroom off the back of the kitchen by the garage entrance, or head to the second floor for two more bedrooms, the laundry room, a bonus room, and the primary suite, which has a closet that runs the length of the entire room, and a dual vanity bathroom complete with zero entry shower and soaking tub. The third floor can easily be used as another bedroom, considering it has a full bathroom, or it could be a bonus room, entertainment room, or whatever one's imagination comes up with! If you decide to venture out, you will find sidewalks that lead to multiple water features with gazebos or the community pool just two blocks away, and if the beach is calling your name, Surf City is just a short drive away!! Don't miss the chance to call this amazing place your home here at the North Carolina Coast!!
Source: NORTHCAROLINAREGIONAL #100501868
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100501868
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.