1007 Softwind Way, Southport, NC 28461
4 beds · 3 baths · 2,678 sqft
Welcome to 1007 Softwind Way: A Masterpiece in The Hammocks of Southport. Experience luxury living in this custom home, blending elegance, functionality, and sustainability. Nestled in The Hammocks, it offers 2,678 sq. ft. of living space, mostly on the main level. Gourmet Kitchen: A Culinary Haven is the heart of this home with its exquisite Wolf & Sub-Zero gourmet kitchen, featuring granite countertops, a custom shiplap range hood, a large island, and custom cabinets. This culinary haven is designed to inspire creativity and delight, with top-tier appliances that promise precision and performance. Open Concept Living: Warmth and Ambiance. The open-concept living room and kitchen seamlessly blend, creating a warm and inviting atmosphere. A natural gas fireplace, beautifully accented with shiplap and a marble surround, adds a touch of sophistication and coziness. Custom 3/4'' White Oak Character Rift & Quartered engineered hardwood floors enhance the natural beauty of the space, which flows effortlessly onto a covered porch. Outdoor Oasis: Scenic Views and Relaxation. As you step outside onto the covered porch and enjoy breathtaking views of the saltwater pool, serene pond & fire pit area creating the perfect setting for relaxation and entertainment. Whether you're hosting gatherings or simply unwinding, this outdoor space is designed to provide endless enjoyment. Strength, Resilience, and Sustainability: Built to Last. This home is built with exceptional strength and resilience, thanks to its closed-cell spray foam insulation. For uninterrupted comfort and convenience, this home is equipped with a reliable Kohler 26 kW generator (new in 2024). All the while your Solar System powers your home, greatly enhancing your energy independence.
Source: NORTHCAROLINAREGIONAL #100495930
Financials
Source: NORTHCAROLINAREGIONAL #100495930
Source: Public records
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%. 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.
Other resourcesWhat 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.