103 Creek Line Dr, Newport, NC 28570
3 beds · 4 baths · sqft sqft
The Brookstone presents itself with a classy curb appeal. Adding to the elegant appeal is a stately yet inviting covered front porch welcoming you in the front door that leads into a grand foyer with the formal dining room to your left. Upon entrance into the 2880 square foot luxurious home is a wide-open two-story foyer with LVP flooring throughout the mail living areas on the first floor, the neutral, soft gray walls creating a smooth flow throughout the home. The sizable kitchen with granite countertops, shadow gray cabinets with brushed nickel pulls, and a handy breakfast nook with tall windows. Off the kitchen is an in-law suite, a warm and plush neutral-tone carpet, a full bathroom, and a walk-in closet. Shifting off of the kitchen is the living room with an abundance of wide-open space, an electric fireplace with a chic mantel and subway tile surround, entrance to the den, and a large picture window. Circling around to the front of the house again are the stairs to the second floor Upstairs has a sizable landing where you'll find the primary suite featuring a trey ceiling and beautiful tiled shower in the primary bath. You'll also find a large laundry room, massive bonus room, the third bedroom and an office. This floor plan has all the space you never knew you always needed!
Source: NORTHCAROLINAREGIONAL #100438813
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100438813
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 45-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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #100438813