150 Deep Bay Dr, Newport, NC 28570
3 beds · 3 baths · 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.
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: #100470803
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.