1600 Willoughby Park Ct # 4, Wilmington, NC 28412
2 beds · 2 baths · sqft
This stunning 2-bedroom, 2-bath condo is a true gem nestled on the first floor of the desirable Willoughby Park community. As an end unit, it offers enhanced privacy and tranquility, making it arguably the most sought-after residence in the complex. Pride of ownership is evident by a thoughtfully updated interior that exudes modern elegance. The smooth ceilings create a seamless flow throughout, while new light fixtures and fans add a touch of contemporary flair. The kitchen boasts gleaming granite countertops, perfect for culinary creations, and the bathrooms have been revitalized with a tiled walk-in shower and stylish new fixtures. Comfort and style extend underfoot with new carpeting in the master bedroom and luxurious LVP flooring in the main living areas. Natural light floods the open-concept kitchen and living room combo, creating an inviting space for relaxation and entertainment. The adjacent dining room area provides an ideal setting for shared meals and memorable gatherings. Retreat to the spacious primary bedroom, complete with a generous walk-in closet and a beautifully renovated en-suite bathroom. The second bedroom offers versatility, accommodating guests, family members, or even a home office setup.Beyond the interior, a private oasis awaits on the screened porch. Accessible through a dedicated entrance, this outdoor haven overlooks a garden area, providing a serene escape for enjoying the fresh air and tranquil evenings. For cooler nights, a cozy fireplace adds warmth and ambiance to the living space. Convenience and functionality are paramount in this condo, evident in the separate laundry room that simplifies household chores. With a newer hot water heater and appliances, this home is not only aesthetically pleasing but also mechanically sound. Situated in the heart of Monkey Junction, Willoughby Park offers an enviable location close to a variety of shopping, dining, and medical services, in addition to offering a community pool! Embrace the coastal lifestyle with just a short 15-minute drive to both the vibrant Carolina Beach and the historic charm of Downtown Wilmington.
Source: NORTHCAROLINAREGIONAL #100480096
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100480096
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: #100480096
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.