100 Granny Dr, Sneads Ferry, NC 28460
3 beds · 3 baths · 2,006 sqft
Nestled in the heart of Sneads Ferry, this thoughtfully designed, custom built ranch home offers both tranquility and convenience. With a split floorplan, this home provides privacy and space, making it perfect for day to day living or entertaining. As you approach, the circle driveway creates a welcoming first impression and provides easy access to the garage. The large fenced-in yard with a shed offers plenty of room for outdoor activities, gardening, or additional storage. Inside, the spacious foyer invites you into the open floor plan, ideal for hosting gatherings and creating lasting memories. The living room boasts vaulted ceilings, creating an open, airy atmosphere that flows seamlessly into the rest of the home. Enjoy peaceful moments on the screened-in porch, easily accessible from the living room, and conveniently located near a half bath for guests. The primary suite is a serene retreat, featuring its own sunroom, where you can relax or enjoy your morning coffee. The primary bathroom is a true highlight, with a beautiful clawfoot tub. The large secondary bedrooms provide ample space for family members or guests or could be used as a home office. Whether you're relaxing on the front porch complete with bench swings or taking a quick trip to the nearby beaches, shopping, and restaurants, this home offers the best of both worlds. Located just minutes from everything you need, 100 Granny Drive offers a lifestyle of convenience, comfort, and elegance. Come see for yourself how this home is designed to meet all your needs—inside and out. Oh and did I mention? NO HOA!
Source: NORTHCAROLINAREGIONAL #100496998
Source: NORTHCAROLINAREGIONAL #100496998
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.