1510 N Pasteur St, New Bern, NC 28560
3 beds · 1 baths · 1,330 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Seller will offer a $10,000 closing cost credit to a buyer with accepted offer!! Welcome to this charming 3-bedroom, 1-bathroom home located in the historic Riverside neighborhood of New Bern. Relax on the inviting front porch, perfect for enjoying a quiet evening in a rocking chair. Inside, you'll find original pine wood flooring that adds warmth and character to the open-concept living space. A unique double-sided fireplace separates the living and dining areas, creating a cozy ambiance. The kitchen offers plenty of cabinet and counter space, stainless steel appliances, and easy access to a back deck that overlooks a lush, fenced-in backyard, ideal for outdoor entertaining or quiet retreats. Up to $2500 lender credit offered when using Nikki Rogers with Atlantic Bay Mortgage for financing. Conveniently located near Historic Downtown New Bern, Carolina East Medical Center, and just a short drive to MCAS Cherry Point, this home combines historic charm with modern convenience. Don't miss the opportunity to make this gem your own! Call us today to schedule your private tour!
Source: NORTHCAROLINAREGIONAL #100465278
Source: NORTHCAROLINAREGIONAL #100465278
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.