114 Florida Ave, Carolina Beach, NC 28428
3 beds · 2 baths · 1,513 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to the stunning beach cottage situated just blocks from the sparkling Atlantic Ocean, the iconic North End Pier and Carolina Beach Boardwalk. Whether you're craving a peaceful escape or the vibrant energy of Carolina Beach, this home is ideally located near everything you love - from lively restaurants and local shops to outdoor adventures and relaxing beach days. Step inside and you'll immediately be captivated by the seamless blend of modern comfort and coastal charm. The primary floor boasts 3 spacious bedrooms and 2 beautifully appointed baths, and open-concept living. Natural light pours in through skylights, creating a bright and inviting atmosphere throughout. The heart of the home is the chef-inspired kitchen, featuring a stunning farmhouse sink, elegant quartz countertops with a waterfall edge, making it the perfect space for both cooking and entertaining. The luxurious primary suite offers a private retreat with opulent finishes, designed for relaxation. The sophisticated design and thoughtful details in every room elevate the overall experience, making this home feel like a true coastal sanctuary. But that's not all! The ground floor of this beautiful beach cottage provides even more possibilities. With its separate entrance, you'll find 3 additional bedrooms, 1 bathroom, and a flex space that could easily function as a small kitchen. The bonus space on the ground floor is ideal for short or long-term rentals, offering a fantastic income opportunity whether you're looking to generate extra revenue or host family and friends in a private setting. This beach cottage is a rare gem, offering not just a place to live, but a lifestyle. From the serene beach just minutes away to the bustling Carolina Beach attractions right at your doorstep, this home is perfect for those seeking both tranquility and excitement. Don't miss out on this unique opportunity to own a stunning property with both personal and investment potential.
Source: NORTHCAROLINAREGIONAL #100490323
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100490323
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.