150 Deep Bay Dr, Newport, NC 28570
3 beds · 3 baths · sqft sqft
Welcome to 150 Deep Bay Dr. An elegant 3-br, 2 and a half bath, ( PLUS LARGE BONUS RM) single-family home located in the award-winning Croatan HS school district. Nestled on a spacious 0.97-acre lot, this beautifully maintained brick home, offers an impressive 3,044 sq ft. of living space, designed for modern comfort and entertaining. Upon entering the home, you are greeted by a welcoming foyer that opens into the expansive living room, where natural light flows through large windows and highlights the gorgeous hardwood floors, which you'll find throughout the home. The gas log fireplace makes a beautiful focal point, while custom built ins finish the opposite side of the room. The high ceilings give this space an added sense of grandeur, making the living area perfect for gatherings or simply relaxing. The gourmet kitchen features granite countertops, custom cabinetry, a tile backsplash, and stainless-steel appliances. A large island provides additional prep space and seating, ideal for casual dining or socializing with guests while preparing meals. You'll find the formal dining room is perfectly situated between the kitchen and the living room, and an additional dining space in the kitchen is perfect for enjoying meals and taking in views of the backyard through the large windows. The mudroom/laundry area help keep things tidy when entering from the garage or the backyard. The sunroom currently serves as a tranquil home office. The exposed brick accent wall provides another added touch of charm to the home. The first-floor principal suite is a private retreat! Offering a spacious bedroom with plenty of space for your King size bedroom set. The en-suite bathroom features dual vanities w/ granite countertops, a luxurious soaking tub, separate walk-in shower & a large walk-in closet, offering both comfort & convenience. Upstairs are two additional bedrooms, both with walk in closets, large bonus room, & full bath which are all generously sized
Source: NORTHCAROLINAREGIONAL #100470803
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100470803
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: #100470803