108 Featherstone Ln, New Bern, NC 28562
4 beds · 3 baths · 2,881 sqft
Now offering VA LOAN ASSUMPTION! Welcome home to this magnificent four bedroom, two story house with ample kitchen, living and yard space. The downstairs features hard flooring sprawling throughout the well designed open concept floor plan. With plenty of countertop space and cabinets you can hardly outgrow the kitchen which features an eat-in bar, island, soft close cabinets, state of the art refrigerator and a natural gas stove/oven combo. This looks into the living room, which now holds an oversized sectional overlooking the convenient natural gas fireplace. Take advantage of the downstairs front room for many uses, such as a reading room, office or playroom. The upstairs features all four bedrooms as well as a large upstairs den for a secondary living room or game room. The master suite is sure to suit most with it's spacious bedroom, bathroom and walk-in closet. The whole home as been recently painted as a very useful and convenient upgrade from builder grade flat paint to an eggshell sheen. Also the sellers specifically upgraded faucets and door handles to match with a modern black detail. This almost 3,000sqft home sits on 3/4 of an acre. Most of the land is situated in the backyard for an endless array of potential and room for a pool, fire-pit, volleyball net, corn hole boards or all the above. Not to mention it overlooks the pond for spectacular sunsets. This home has vast potential to support and satisfy your house shopping check list. Stop by and see why this is your best option. The property is only 5 miles from Historic Downtown New Bern, 17 miles to back gate of MCAS Cherry Point, 39 miles from Atlantic Beach and only 7 miles to the Lawson's Creek Boat Ramp.
Source: NORTHCAROLINAREGIONAL #100432921
Source: NORTHCAROLINAREGIONAL #100432921
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: #100432921
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.