124 Beacon Ridge Dr, West End, NC 27376
4 beds · 4 baths · sqft sqft
This incredible house has a price improvement PLUS $5000 for buyers closing costs. Their is also an assumable VA loan with an interest rate less than 4%! The home looks sparkly new with a recent whole house power wash and new pinestraw. You don't want to miss the other numerous upgrades throughout this home to include a solid wood pantry door, shelving with hanging bar in the laundry room, and new Delta faucets in all of the bathrooms. All appliances including high capacity GE washer and dryer convey with the home. This home is a spectacular ''better than new'' custom build with 5 bedrooms and 4 full baths in the highly sought out neighborhood of Seven Lakes West and just 4 minutes from the marina. This home was completed in 2022 and the owners have taken immaculate care to make this home better than new construction! Exterior has fiber cement hardy siding, lush green Bermuda sod with Rain Bird irrigation and established landscaping surrounds the home. A private deck with screened in porch overlooks the 4th tee box at Beacon Ridge Golf Course. Inside the home is filled with an abundance of natural light and space for everyone. The main level hosts over 1600 sq feet, the kitchen is equipped with stainless steel appliances, farmhouse sink, gas stove, and walk-in pantry with solid wood shelving. You will enjoy cooking and entertaining around the large center island that opens up to the living room with gas fireplace, an eat in kitchen space and formal dining room. You will also find an office and guest room with full bath. The main level has engineered hardwood flooring and custom blinds have been added throughout the home. Upstairs are 2 bedrooms joined by a Jack and Jill bath, and a 3rd bedroom with its own private en-suite bath. The large primary bedroom suite contains a large custom walk in shower with drying area. An extra large walk in closet is joined by another finished space off of the closet that is currently set up as a small office.
Source: NORTHCAROLINAREGIONAL #100443118
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100443118
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: #100443118