12 Spinnaker Point Rd, Oriental, NC 28571
3 beds · 4 baths · sqft sqft
Privacy is yours in this brick waterfront home on 2 acres overlooking Smith Creek. Private dock with deep water for your pleasure boat. The house was beautifully renovated in 2019. First floor has a gorgeous new kitchen, updated baths. Much thought on the part of the homeowners shows in the work that went into renovating this home. Not to include solid wood doors, all new wood cabinets in the kitchen, granite counters, wide plank engineered hardwood in the kitchen, living, dining, and foyer., Plus slate in the master bath. This gorgeous home has been raised above flood elevation with parking pad and garage by a local builder. Walking trails in the woods arehome to many bird species. Greenhouse for all your growing seedling needs. Huge organic garden for the avid gardener. Plenty of room for family and friends to come for a relaxing stay in beautiful Oriental! 5 miles o ut of downtown Oriental by car. Closer by boat! Huge waterfront deck for relaxing with a cup of morning coffee watching the sunrise an for the relaxing evening cocktail. Great place to kayak or paddle board. This is the perfect location to call home.
Source: NORTHCAROLINAREGIONAL #100468444
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100468444
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: #100468444
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.