1150 Hwy 70 Davis, Davis, NC 28524
3 beds · 2 baths · sqft sqft
Nestled on the waterfront of Davis, North Carolina, this property spans an impressive 6.87 acres, with a breathtaking 239 feet of waterfront along the tranquil Oyster Creek. A haven for nature lovers and water enthusiasts alike, this land offers a peaceful retreat from the hustle and bustle of city life. At the heart of this expansive estate stands a 1990 double-wide home, boasting 1,540 square feet of living space. The residence features three cozy bedrooms and two full bathrooms, ensuring ample space for family and guests. The home's layout includes two spacious living areas, perfect for relaxation and entertainment. Adding to its charm is a substantial 690-square-foot covered porch, built to offer a shaded haven where one can enjoy the lush surroundings and creek views regardless of the weather. This property's idyllic location in the Down East area of Davis enhances its allure, offering a perfect blend of privacy and accessibility. The expansive waterfront provides a unique opportunity for a variety of water activities right from your backyard. Whether you're paddling in the calm waters, fishing, or simply soaking in the natural beauty that envelops you, this property promises a lifestyle of tranquility and leisure. Ideal for those looking to escape to a waterfront retreat or seeking a scenic spot to call home, this property encapsulates the essence of waterfront living in one of North Carolina's most charming settings. .3 miles to Oyster Creek boat ramp to enjoy a day of fishing or boating, 19 miles to the Cedar Island Ferry, 1.4 miles to the Davis Island Ferry, and 20 miles to Beaufort waterfront. Update the home or build your own, this property is all about the land and location.
Source: NORTHCAROLINAREGIONAL #100463659
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100463659
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: #100463659
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