1501 Fence Post Ln, Carolina Shores, NC 28467
4 beds · 3 baths · 2,258 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nearly new home at the coast. Enjoy the coastal lifestyle in this four bedroom three full bathroom home located in a highly desired amenity community. All available upgrades included. This 2020 build offers stainless steel appliances, granite counter tops and a screened porch area right off of your open concept dining room. The very large granite topped kitchen island is perfect for entertaining guests, storage or trying out your best culinary skills. This kitchen offers tons of counter top space and many custom built cabinets for added storage. The butlers pantry located in the kitchen allows for extra kitchen appliances with a spacious storage area as well. This split floor plan has your very own private master bedroom suite located on the first floor. Large walk in closet, double vanity sinks and a large soaking tub in the master bathroom suite. Along with two additional guest bedrooms located on your primary living area. Located minutes to the white pristine sandy beaches of Sunset Beach, North Carolina, Cherry Grove, South Carolina or North Myrtle Beach, South Carolina. The dinning, shopping and leisure options are limitless. Enjoy mornings on many local championship golf courses. and Enjoy the world famous seafood docks in Calabash, North Carolina. Serenity is here with the quite and privacy from this premier cul de sac lot, located very closely to the community pool, fire pit and outdoor entertainment area. You do not want to miss an opportunity to own this jewel with lawn maintenance included in The Farm at Brunswick.
Source: NORTHCAROLINAREGIONAL #100502413
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100502413
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.