1116 Tebo Rd, New Bern, NC 28562
3 beds · 2 baths · sqft sqft
Welcome Home! This amazing house is ready for a new owner! *Seller offering a 1 year Home Warranty with APHW and $2500 buyers use as you choose credit- buy down your interest rate or use for upgrades!* Lender credit up to $2500 with Aleta Ortiz -Atlantic Bay Mortgage! Affordable home with fabulous location outside of city limits, NO HOA, 10 minutes to MCAS Cherry Point back gate (less than 6 miles)! Great Schools (WJG, Tucker Creek, Havelock High) Featuring 3 bedrooms, BONUS room over garage, 2 full bathrooms, 2 car garage, fenced in back yard, and large back patio on a wonderful 0.35 acre lot! As you arrive, you'll feel right at home! Enjoy morning coffee and sunset views from your own 30' front porch. Enter and be greeted with an open concept floor plan with cathedral ceiling in living room, neutral colors and LVP flooring. Guest rooms each have their own closet and a full bathroom to share. The master bedroom feels spacious with vaulted ceiling, walk in closet and bathroom with double vanity. Upstairs you will find a great sized (12 X 23)bonus room, can be used for anything your family needs.. bedroom, office, home gym, play room! The backyard is truly a gem of this property featuring am extended patio, 6 ft privacy fence, and natural privacy and shade. Plenty of room for pets, pools, swing sets, gardens, and other outdoor hobbies! Enjoy entertaining and outdoor living right at home. Great location between Historical Downtown New Bern and award winning Crystal Coast beaches! Schedule a private tour today! **Broker Owner**
Source: NORTHCAROLINAREGIONAL #100464961
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100464961
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #100464961