1121 Washington Acres Rd, Hampstead, NC 28443
3 beds · 2 baths · sqft
Coastal living at its finest. Welcome Home to the much desired Washington Acres community in Hampstead. With a stoplight onto 17, accessing Wilmington is a breeze. Between Wrightsville and Topsail Island Beaches, travel either way for a day on the islands. This one level 3 bedroom , 2 bath home with a split floor layout is move in ready for new owner. As you enter, you will be charmed by the Brazilian Cheery wood floors and high ceilings. Spacious living room is ready to host your get togethers which is open to the dining room and kitchen so you'll never miss a moment.. Wired with surround sound and a gas fireplace ready for hookup. Beautiful kitchen with Corian countertops, plenty of cabinets, undermount sink, newer appliances, and RO system for the sink. The large master suite has beautiful maple wood engineered flooring and a new ceiling fan. House is wired for 2G fiber network and ready and reliable for working from home. Enjoy the outdoor living on the extra large screened in back porch, complete with ceiling fans to keep you cool, and overlooking the .5 acre property. Yard has mature cherry and myrtle trees. There is a well on site for all your irrigation needs. Bonus extra large shed with complete workshop set up and 100 amp electric. Other updates include: Roof 2024, garage door, reinforced deck with new steps and pavers, Conveniently located to Wilmington, Jacksonsville, and the I-40.
Source: NORTHCAROLINAREGIONAL #100478638
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100478638
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: #100478638
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.