1501 Fence Post Ln, Carolina Shores, NC 28467
4 beds · 3 baths · sqft sqft
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 #100444180
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100444180
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: #100444180