103 Creek Line Dr, Newport, NC 28570
3 beds · 4 baths · 2,900 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
Financials
Source: NORTHCAROLINAREGIONAL #100438813
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.