1641 Culdees Ln SE, Bolivia, NC 28422
3 beds · 2 baths · 1,370 sqft
Welcome to 1641 Culdees Lane SE, a home that breaks free from the ordinary! Located in the sought-after Avalon community of Bolivia, NC, this thoughtfully designed 3-bedroom, 2-bath home is filled with modern upgrades and custom touches that make it truly special. Step inside and feel the warmth of the open-concept living area, where a built-in electric fireplace creates the perfect cozy atmosphere. Every room is beautifully enhanced with shiplap or board-and-batten accents, adding character and style throughout. Fresh, updated paint gives the home a bright and airy feel, setting the stage for easy coastal living. The stunning kitchen is both stylish and functional, featuring a sleek subway tile backsplash, elegant cabinetry, and gleaming granite countertops. The stainless steel appliances—including a dishwasher, oven/stove, and refrigerator—blend seamlessly into this gorgeous space, making meal prep a delight. Just off the kitchen, the laundry room is equipped with a washer, dryer, and new cabinetry, ensuring both convenience and extra storage. The primary suite is a peaceful retreat, highlighted by a gorgeous shiplap accent wall that adds texture and charm. The ensuite bath and walk-in closet with custom shelving complete this serene space. Two additional bedrooms, separated by a full bath, offer flexibility for family, guests, or a home office. Step outside to find a small dog run, perfect for your four-legged friends! The backyard provides endless possibilities to create your own outdoor haven. To make moving in easier, all TV's, surround sound and blinds will stay! Living in Avalon means having access to incredible amenities, including a zero-entry swimming pool, pickleball court, a 15-acre kayak lake with a launch, a tot lot, a dog park, and scenic walking trails. Plus, you're just a short drive from Brunswick County beaches, golf courses, and the charming towns of Southport, Oak Island, and Wilmington. Schedule an appt today!
Source: NORTHCAROLINAREGIONAL #100492778
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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
Source: NORTHCAROLINAREGIONAL #100492778
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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 of Equal Opportunity Act.