105 Ellington Pl, Jacksonville, NC 28540
4 beds · 3 baths · sqft
Sellers are open to a loan assumption for a VA eligible buyer, with a current interest rate at an incredible 2.5 percent! They are alsp open to Buyer Possession with an acceptable offer! This fantastic home is in conveniently located Williamsburg Plantation, and has the space and rooms that you need! When you enter, you're greeted by the wood floored foyer, with a storage closet and the downstairs half bath. To the right of the foyer is the spacious living room, with stone veneer fireplace. Beyond the living room is the kitchen, breakfast nook, and laundry. This whole area is full of natural light, from seven windows and sliding glass doors that lead to the back deck. The kitchen boasts ample storage, including an island with bar seating, and a large pantry cabinet. Past the kitchen you'll find the formal dining room, with wood flooring, tray ceiling, and chair railing. Coming back to the front of the home, to the left of the entrace, there's a flex room that would make a great office, formal living room, or home gym! Heading upstairs, you're greeted by a loft overlooking the open foyer, making it the perfect space for a reading nook with a comfy chair! Beyond the landing are four generously sized bedrooms and two full bathrooms. The primary bedroom boasts a vaulted ceiling, two walk in closets, and a private bathroom. The bathroom offers an oversized double vanity, stand up shower, spa-like tub, and private water closet with linen storage. For those that enjoy the outdoors, the back yard features a large, partially covered deck. There's also a storage shed and the yard is fenced in. Williamsburg Plantation also features a playground, dog park, and picnic pavilion. The convenient location can't be beat, sitting less than 2 miles from two grocery stores, several restaurants, and a coffee shop, and less than 7 miles to Camp Lejeune's Wilson Gate. Set up your tour today!
Source: NORTHCAROLINAREGIONAL #100469883
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100469883
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.
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: #100469883
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.