1022 N 3rd St, Wilmington, NC 28401
2 beds · 3 baths · sqft sqft
Here's your chance to own a truly unique, modern concrete townhome in the heart of downtown Wilmington! Built in 2019, this stylish home sits just steps from the Brooklyn Arts District, Live Oak Bank Pavilion, and all the charm and excitement downtown has to offer. The design captures abundant natural light through large windows at each end of the living space, framing expansive views of the Wilmington skyline. The open floor plan provides flexibility and an ideal layout for urban living. On the first floor, a two-car rear-entry garage offers convenience, while street-level access along 3rd Street provides an excellent opportunity for a professional office or studio space. The second floor, you'll find both bedrooms. The spacious primary suite includes dual closets, a walk-in shower, and dual vanities, while the generous second bedroom is a private en suite, making it ideal for a child's room, guest suite, or roommate. The third floor is dedicated to the main living space, with a gourmet kitchen that boasts high-end stainless steel appliances, granite countertops, a striking black tile backsplash, a farmhouse sink, and a wine cooler—perfect for entertaining. To top it all off, a rooftop deck provides stunning views of sunsets over the Cape Fear River, offering a perfect retreat for relaxation or gatherings. Don't miss the chance to own one of Wilmington's most distinctive properties!
Source: NORTHCAROLINAREGIONAL #100474332
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100474332
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 30-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: #100474332
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.