112 Forest Ln, Swansboro, NC 28584
4 beds · 4 baths · 2,525 sqft
Coming Soon. Showings begin March 8th. Enjoy a staycation in your private in ground pool this summer! This 4 bedroom 3.5 bath home has so much to offer. The main floor offers a guest suite complete with a handicap tub and a private entrance with a concrete ramp. The kitchen and family room have an open concept that allows the cook in the house to still be able to know what's going on in the family room. The space in between the 2 rooms is perfect for your breakfast table and coffee bar. The walk in pantry and additional hall cabinet storage are conveniently located right between the kitchen and formal dining room. Upstairs you will find 3 bedrooms 2 full baths your laundry room and a study. The primary suite has a walk in closet, walk in shower and soaker tub. The privacy fenced back yard is set up for play and entertaining. Walk out back and enjoy cooking out on the large back deck. Cozy up on a cool spring evening around the fire pit. Spend this summer at your private in ground pool. Watch the game with friends in your very own pool house. The .46 acre lot is sprinkled with lots of tall beautiful trees that also flank the rear property line. Located just 1/4 mile from Hammocks Beach State Park and Wal-Mart, 7 miles away from the beautiful beaches of Emerald Isle, 20 minutes from Camp Lejeune and 30 minutes away from Cherry Point. Call today to schedule your showing.
Source: NORTHCAROLINAREGIONAL #100492855
Financials
Source: Public records
Source: NORTHCAROLINAREGIONAL #100492855
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.