30-day close
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30-day close
$525,000 $SIGNIN

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166 Saint Andrews Rd, Moyock, NC 27958

6 beds · 3 baths · 3,487 sqft

166 St Andrews is a stunning home packed with updates and extras you won't want to miss. The backyard is a true retreat, featuring an inground pool, patio with deck, and fenced yard with picturesque views of the rolling golf course hills and sunsets! Boasting almost 3,500 sq. ft. of space, this home offers 6 bedrooms with a flex room that could be a 7th bedroom, and kitchen and living room combo. The open and functional layout ensures plenty of room to suit your lifestyle. The upstairs primary bedroom features his and her closets with a dream bathroom! Conveniently located just miles from the Virginia border, this home is ideal for commuters. Tons of updates all done in 2020. LVP Flooring, Carpet, Paint, Roof, HVAC and Water Heater! Between here and the state line, you'll find the best of Moyock's shopping, dining, entertainment, and schools.

Estimated
Seller's interest rate
3%
7%
Estimated
Principal & interest
$1,730/mo.
$2,620
You may also save up to $281,221 in total interest paid.

Send questions to support@withroam.com

Why Roam


Lower rates and lower down payments

The only homebuying option for you to put 5% down and get a 5% rate.

Closing guarantee

We can close in 45 days or we’ll pay the seller’s mortgage until we close.

Offer acceptance

95% of offers accepted when made with Roam. 5% accepted without.

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is $SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,730 monthly payment

Financed
$SIGNIN
Location
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Loan details
Remaining term
26 yrs and 4 mos
Loan type
FHA
Rate
3%
Monthly P&I
$1,730
Remaining loan balance
$SIGNIN Sign in to view

Source: Public records

Home details
Size
3,487 sqft
Lot size
0.71 acres
Year built
2002
Type
Single Family Residence
HOA dues
$456.00

Source: NORTHCAROLINAREGIONAL #100480996

Qualify

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.

Resources
Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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.

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Last updated: Apr 10, 2025 06:23 am
Listing agent: Tara Bryant (757) 563-1259
Listing provided courtesy of: Real Broker LLC (919) 348-2585
Details provided by NORTHCAROLINAREGIONAL and may not match the public record.
MLS ID: #100480996
The data relating to real estate on this website comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Roam Brokerage, LLC shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Copyright © 2025 North Carolina Regional MLS LLC. All Rights Reserved.
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