111 SE 30th St, Oak Island, NC 28465
2 beds · 2 baths · sqft
A rare 12-sided home (dodecagon) on Oak Island has hit the market! This adorable home utilizes a reverse living floor plan that spans 1494 square feet over two floors. Upstairs, enter the light-filled open concept living room and enjoy the large picture window. The kitchen combo comes with a small dining area and convenient countertop seating. The primary bedroom opens onto a deck and includes an ensuite with a jetted tub. Feel the cozy atmosphere that includes floor tiling as well as wood flooring and wood trim around the doors and windows. The wood theme continues downstairs and features built in shelving, a display case, and paneled walls in the family room. The family room boasts a unique tiled ceiling. The secondary bedroom and additional bathroom are downstairs. The bedroom is adorned with a wooden tray ceiling and the additional bathroom includes a tiled walk-in shower. The laundry room features a desk area and ample room for storage. Located on SE 30th Street, the home is just a short walk to the SE 31st scenic walkway leading directly to the beach! You can also head over to the Recreation Center off of SE 30th Street to take in a nature program, launch a kayak, or join athletics. Enjoy summer concerts or take in a game of tennis at Middleton Park. There are many additional Oak Island amenities including a public boat launch and golf club. The marina is open during peak season. All amenities are the Town of Oak Island.
Source: NORTHCAROLINAREGIONAL #100474367
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100474367
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: #100474367
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.