1111 Pelican Dr, New Bern, NC 28560
3 beds · 3 baths · sqft
Discover this inviting 3-bedroom house (PLUS a bonus room!), nestled in the serene, gated community of Fairfield Harbour. Built in 2018, this home offers a harmonious blend of modern convenience and community living, making it an ideal choice for those seeking a balanced lifestyle. Enter the kitchen, where you'll find granite countertops and features that provide a clean and stylish space. The spacious, open concept living room features neutral LVP floors that blend with any decor. The master bedroom is conveniently located on the first floor, offering ease of access and privacy. The master bathroom is both practical and comfortable, with a dual sink vanity and a walk-in shower. Two other guest rooms are also on the first floor, as well as a conveniently located laundry room. An additional bonus room provides ample space with plenty of natural light, perfect for various uses, complemented by cozy carpeted flooring. Fairfield Harbour is a vibrant community with an array of amenities to enhance your lifestyle. Choose from over 40 clubs to join, explore the picturesque Marina, or enjoy recreational activities such as the pickleball courts, a dog park, and the Harbour Pointe Golf Course.
Source: NORTHCAROLINAREGIONAL #100470285
Source: NORTHCAROLINAREGIONAL #100470285
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: #100470285
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.