135 Vashti Dr, Morehead City, NC 28557
3 beds · 2 baths · 3,440 sqft
Experience the epitome of coastal living with this meticulously crafted home in the heart of Morehead City with a Newport River view! Boasting a thoughtfully designed floor plan and an array of indoor/outdoor spaces, this residence offers the perfect blend of comfort, functionality, & style. Make your way to the heart of the home in the expansive kitchen, sure to make the chef in your family very happy with loads of counter and storage space. The adjoining laundry room can double as a pantry providing even more storage and room for an extra refrigerator. Move through to the combination dining room/family room, perfect for game or movie nights. The first floor has a bedroom, with an adjoining bathroom, as well as a lovely room with a gas fireplace that could be used as a living room/office/den. Upstairs, one bedroom is large enough for a sitting area and opens to the second-floor covered porch perfect for taking in the amazing sunsets. The bathroom, with a soaking tub & walk-in shower, creates a spa-like oasis. An additional bedroom completes the second floor, offering privacy and comfort for family or guests. Outdoor living is a breeze with multiple spaces to enjoy the coastal climate, including upper and lower covered porches, a deck off the dining area, and expansive yard next to the pond. The detached 3-car garage provides ample room for vehicles, has washer/dryer hook-ups, built-ins and overhead storage. Upstairs is finished for a great guest space/office with full bath and deck overlooking the pond. The barn/garage has 2 horse stalls, tack/feed room, and pull-through space perfect for your recreational vehicles! This is a truly unique property conveniently located near shopping, schools, restaurants, and more, offering the perfect blend of privacy and accessibility. Schedule a showing to make this amazing property your new family home!
Source: NORTHCAROLINAREGIONAL #100481843
Financials
Source: Public records
Source: NORTHCAROLINAREGIONAL #100481843
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.