1107 Neuse Dr, Oriental, NC 28571
3 beds · 3 baths · 2,328 sqft
Stunning Waterfront Living in Oriental, NC - Unobstructed Neuse River Views! Welcome to your dream home in the charming town of Oriental, NC, where serene waterfront living meets timeless elegance. This beautiful residence offers unobstructed views of the Neuse River and is just minutes away from the beloved John Bond Beach, making it the perfect retreat for nature lovers and those seeking tranquility. Step inside and discover a thoughtfully designed floor plan featuring a gorgeous sunroom that fills the space with natural light and offers breathtaking river views. Whether you're sipping your morning coffee or enjoying a peaceful sunset, this room is the perfect spot to unwind. For those who work from home or simply enjoy reading, the spacious room with built-in bookcases provides the perfect space for a home office or library. It's a quiet and inspiring place to focus, surrounded by rich wood details. The inviting living room is highlighted by a cozy fireplace, creating a warm and welcoming atmosphere for family gatherings or quiet evenings in. Additionally, the home offers a versatile bonus room above the garage, ideal for use as a playroom, additional bedroom, or creative space. Updates include a new roof in 2021 and new HVAC in 2021. The kitchen has also been remodeled with a new stove and new light fixtures. The owner re-landscaped the backyard and built a beautiful new patio. This property perfectly balances the peaceful charm of Oriental with modern comforts and a truly special location. Don't miss your chance to make this Neuse River gem your own! Schedule your private tour today and experience the magic of life in Oriental, NC.
Source: NORTHCAROLINAREGIONAL #100479988
Financials
Source: NORTHCAROLINAREGIONAL #100479988
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.